NEW YORK, Dec. 26 (Xinhua) -- U.S. stocks traded on an upbeat note on Wednesday as investors were trying to regain some of their sharp losses suffered in the previous session while digesting a batch of economic data.
At midday, the Dow Jones Industrial Average jumped 333.69 points, or 1.53 percent, to 22,125.89. The S&P 500 rose 38.82 points, or 1.65 percent, to 2,389.92. The Nasdaq Composite Index climbed 139.66 points, or 2.26 percent, to 6,332.58.
Both shares of Nike and Home Depot rose more than 3 percent around midday, leading the gainers in the Dow.
Nine of the 11 primary S&P 500 sectors traded higher, with consumer discretionary and energy up 2.46 percent and 1.70 percent, among the biggest advancers. Real estate and utilities, however, struggled for gains.
Major U.S. tech shares, the so-called FAANG group of Facebook, Apple, Amazon, Netflix and Google parent Alphabet, all advanced, underpinning the tech-heavy Nasdaq.
On the economic front, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, a leading measure of U.S. home prices, registered a 5.5 percent annual gain in October, unchanged from the previous month, said the Case-Shiller report on Wednesday.
The U.S. equities experienced a brutal day during the shortened session ahead of Christmas.
All the three major indices erased over 2 percent at Monday's close, as investor sentiment was dented by the turmoil in Washington amid uncertainties. Enditem
