(CNBC) — Stocks rose sharply on Wednesday as tensions in Hong Kong between the government and protesters eased after the withdrawal of a controversial bill.
The Dow Jones Industrial Average closed 237.45 points higher, or 0.9% at 26,355.47. The S&P 500 gained 1.1% to close at 2,937.78, led by a 1.7% surge in the tech sector. The Nasdaq Composite advanced 1.3% to 7,976.88.
Wednesday’s gains come after the major indexes posted solid losses in the previous session. The Dow dropped 285 points on Tuesday while the Nasdaq and S&P 500 slid 1.1% and 0.7%, respectively.
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