Wall Street markets closed high and oil prices also rose after investors returned to riskier assets despite an increase in cases of the Omicron variant around the world.
This is after the President of the United States (US), Joe Biden said his actions to open a fellowship exam site in a New York city and buy 500 million units of COVID-19 test kits to be given away free of charge and a solid earnings report by Moderna Inc has convinced investors. .
The Dow Jones Industrial Average was up 1.6% at 35,492.7, the S&P 500 added 1.78% at 4,649.23 and the Nasdaq Composite was up 2.4% at 15,341.09.
MSCI's worldwide share benchmark is up 1.61%.
Oil prices continued to climb more than 3% despite signs of a supply recovery and Omicron's worries that hampered travel and curbed demand for fuel.
Brent was up $2.46, or 3.4%, at $73.98 a barrel and U.S. West Texas Intermediate (WTI) crude was adding $2.51, or 3.7%, at $71.12.
Meanwhile, traders continued to buy stocks and sell safe-haven currencies such as the dollar and the Japanese Yen which remained at 114.08 per dollar as they were optimistic that the economy would improve.
US treasury yields increased on the same factors that investors were optimistic about the economy will improve.
Bitcoin added 4% after experiencing a fall in the past few weeks.
