Major stocks posted their best day ever in a decade as the Dow Jones Industrial Average marked its biggest one-day gain in history. Gains in energy and retail shares rallied the gains while Wall Street recuperated the steep losses endured in the earlier session. Hence, Wednesday marked the largest post-Christmas rally for the United States stocks ever.

The Dow Jones Industrial Average climbed 1,086.25 points or can say 4.98 percent to 22,878.45. It notched the biggest move in terms of percentage since March 2009, when it went 5.8 percent higher. The S&P 500 rose 4.96 percent to 2,467.70 as attained its best gains since March 2009 due to gains by more than 6 percent in sectors like energy, tech, and consumer discretionary. Meanwhile, the Nasdaq Composite also surged 5.84 percent to mark its finest trading day since March 2009 to 6,554.36.

Retailers were the great performers on Wall Street as SPDR S&P Retail ETF jumped 4.7 percent. Also, Kohl’s, Dollar General, and Wayfair rallied more than 7 percent. Shares of Amazon went 9.45 percent higher after the company announced that it has sold a record number of items this season.

On the other hand, energy stocks jumped as the U.S. crude oil prices hurled about 8 percent. Hess and Marathon Oil shares performed best within the energy sector as rose 11 percent and 11.9 percent, respectively.

Meanwhile, Asian stocks rallied following a surge in major stocks on Wall Street. The Nikkei 225 of Japan gained 4.03 percent and the Topix climbed 4.93 percent. Japan Display shares saw gains of 7.35 percent after a report that iPhone XR sales comprised 32 percent of all Apple’s iPhone in just 30 days after its launch in the United States. Japan Display delivers the LCD panels used in iPhone XR.