· The Dow Jones Industrial Average .DJI rose 196.14 points, or 0.9 percent, to 21,899.89, the S&P 500 .SPX gained 24.14 points, or 0.99 percent, to 2,452.51 and the Nasdaq Composite .IXIC added 84.35 points, or 1.36percent, to 6,297.48.
U.S. stocks ended up on Tuesday, with each of the three major indexes posting their best one-day percentage gains in over a week, as lawmakers' comments on tax reform and the debt ceiling boosted investor optimism.
· U.S. House Speaker Paul Ryan told CNN at a town hall on Monday that tax reform would be easier to pass than the failed healthcare overhaul because Republicans have built a consensus.
· Separately, Senate Majority Leader Mitch McConnell said on Monday that there was "zero chance" that the United States will fail to raise the debt ceiling in September, allaying concerns that the United States is poised to default on its debt, according to media reports.
· Asian indexes rose on Wednesday following the rally on Wall Street overnight as risk aversion faded and the dollar found some reprieve.
· Japan's Nikkei 225 rose 0.62 percent to end a five-day losing streak. Across the Korean strait, the Kospi tacked on 0.26 percent, with technology stocks contributing to the gains: Samsung Electronics was up 1.23 percent and LG Electronics rose 2.64 percent.
Reference: Reuters, CNBC
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