The S&P 500 rose 0.3 percent to 2,858.45 with energy and industrials outperforming. The Dow Jones Industrial Average gained 126.73 points to 25,628.91 as Caterpillar climbed more than 2 percent. The Nasdaq Composite advanced 0.3 percent to 7,883.66 as Amazon and Tesla rose.
• Asian stocks recorded moderate gains early on Wednesday, taking cues from Wall Street's gains, as markets in the region extended the advance seen in the previous session.
Japan's Nikkei 225 edged up by 0.28 percent in morning trade, with the other financials subindex trading higher by 1.74 percent and leading the morning's gains. Oil and coal products, shipping stocks and telecommunications also saw a rise of more than 1 percent.
Reference: Reuters, CNBC