The U.S. stocks were higher as markets eased from the brutal losses of the October before the end. The S&P 500 climbed more than 1.5 percent and closed at 2,682.63 as stocks like materials, energy, and communications moved out of the correction territory.
On the other hand, shares of DISH Network, Twitter, and Charter communications also rose more than 4 percent. The Dow Jones Industrial Average closed 431.72 points higher at 24,874.64. Boeing, Goldman Sachs, and McDonald’s have outperformed the blue-chip index during the session.
The Nasdaq Composite climbed more than 1.5 percent and ended at 7,161.65 on the board. It came into effect after Intel and Comcast rose by 5.2 percent and 4.7 percent, respectively. However, Amazon slipped 0.5 percent.
Shares of Asia markets have also posted positive results on the board. In China, the Shanghai composite climbed by 1.13 percent and the Shenzhen composite rose up by 1.202 percent. The Hang Seng of Hong Kong also advanced by 0.6 percent.
The Nikkei 225 of Japan jumped 1.67 percent while the Topix rose 1.64 percent in the afternoon session. Sony shares gained 4.04 percent after the company disclosed its annual profit of about 30 percent.
Over in Australia, the ASX 200 traded flat as materials declined 0.2 percent while the energy sector climbed 0.87 percent. The financial subindex advanced by 0.39 percent and also, the ANZ banking group climbed 0.27 percent.
The Kospi of South Korea was also flat as the heavily weighted Samsung Electronics dropped 1.18 percent down. It went down even after strong quarterly profits declaration.
The U.S. dollar index, which marks the greenback against major currencies, traded at 97.042. The Australian dollar was at 0.7082 against the dollar after strengthening a bit, whereas the Japanese yen was at 113.21.