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• The Dow Jones Industrial Average rose 567.02 points, or 2.33 percent, to 24,912.77, the S&P 500 gained 46.2 points, or 1.74 percent, to 2,695.14and the Nasdaq Composite added 148.36 points, or 2.13 percent, to 7,115.88.

The Dow Jones Industrial Average rose 567.02 points, or 2.33 percent, to 24,912.77, the S&P 500 gained 46.2 points, or 1.74 percent, to 2,695.14 and the Nasdaq Composite added 148.36 points, or 2.13 percent, to 7,115.88.

• Some analysts view the recent selloff, which began last Friday amid concerns over higher interest rates and lofty valuations, as a healthy pullback after a rapid run-up to record highs at the start of the year.

They argue that the improving global economic outlook is a positive for stocks overall, but they said it could take some time before the market settles down.

• Asian share markets were trying to stabilize on Wednesday as a semblance of calm returned to Wall Street where major indices bounced into the black after days of deep losses.

• Asian markets advanced early on Wednesday, retracing losses made in the last session, after major U.S. indexes finished their Tuesday session higher.

• Japan's Nikkei 225 jumped 2.81 percent in early trade following last session's 4.73 percent tumble. Automakers, technology names and financials were broadly higher in the morning following broad-based declines seen in the last session: Toyota rose 4.06 percent, Sony gained 4.84 percent and SoftBank Group soared 4.89 percent.

Reference: Reuters, CNBC