At the close, the Dow Jones index gained more than 500 points and rose 1.60 percent to 33,376.48 points.
The S&P 500 index rose 1.49 percent to 3,878.44 points, and the Nasdaq index gained 1.54 percent to 10,709.37 points.
While the concerns about the economic effects of the US Federal Reserve’s (Fed) “hawk” monetary policy continued, a positive trend prevailed in the markets throughout the day with the effect of better-than-expected balance sheets of Nike and FedEx.
The recovery in consumer confidence in the country in December also supported the positive trend in the markets.
According to data released by the Conference Board, the Consumer Confidence Index rose 6.9 points month on month to 108.3 in December, reaching its highest level since April. Inflation expectations fell to 6.7 percent in the same period, the lowest level since September 2021.
On the other hand, second-hand home sales in the USA fell for the 10th consecutive month, decreasing by 7.7 percent in November due to the effect of high mortgage (home loan) interest rates.