US stocks rose positively, supported by technology company Nvidia's success in setting a new record.
Nvidia made history as the first company to reach $4 trillion before closing at $3.97 billion with a gain of 1.8%. Microsoft and Amazon also recorded gains, jumping 1.4% and 1.5% respectively.
The Dow Jones Industrial Average rose 0.49% to 217.54 points, the S&P 500 strengthened 0.61% to 37.74 points, while the technology-focused Nasdaq rose 0.95% to 192.87 points.
In other developments, the Federal Reserve (Fed) meeting minutes also boosted market sentiment by indicating the possibility of an interest rate cut later this year.
The minutes of the mid-June meeting showed that the majority of Fed officials saw a rate cut as appropriate, if the effects of President Donald Trump's tariffs are temporary. However, support for a rate cut at the end of July remains low.
In other developments, Trump also announced new tariffs on Algeria, Iraq, Libya and Sri Lanka. The European Union (EU) said trade talks with the US could be concluded within days.
Investors are now focusing on unemployment claims data early Thursday as the latest indication of the labor market.
US stock market volume recorded $18.10 billion compared to an average of $18.35 billion over the full 20 trading days.
