The Dow Jones Industrial Average closed up by more than 1,200 points, its largest daily gain in nearly three years, as investors cheered a stronger-than-expected economic report from China.
The benchmark S&P 500 index rose 1.4% to 2,856.83.
The Nasdaq composite rose 4.3% to 4,818.69.
The Dow has gained more than 2,500 points since Jan. 7, 2015.
The S&P 500 has gained nearly 3,000 points.
The S&p has surged nearly 5% since the start of this year.
The Nasdaq Composite has gained just under 3% since Dec. 9.
The dollar rose against a basket of major currencies, trading 0.2% higher against a greenback.
The yield on the benchmark 10-year Treasury note rose to 2.8% from 2.7%.
The dollar index gained 0.8%.
The euro rose 0.7%, against the greenback, to $1.1914 from $1,1915.
The yen rose to 114.4 yen from 113.1 yen.
The yen has gained 0,3% against the euro since mid-November.
The Nikkei 225 rose 0,4% at 22,638.12.
The Hang Seng index of Japan’s benchmark stocks gained 0% to 3,732.25.
The Shanghai Composite rose 0% at 6,971.16.
The Hang Sion index of South Korea’s benchmark shares rose 0%.