Wall Street rose as investors weighed mixed corporate earnings reports and easing geopolitical concerns.
All three major U.S. stock indexes closed higher, with the technology sector leading the Nasdaq's rise.
The Russell 2000, a small-cap stock index, emerged as the best performer among the major indexes.
The Dow Jones Industrial Average rose 0.31% to 46,734.61 points, the S&P 500 rose 0.58% to 6,738.43 points, while the tech-focused Nasdaq rose 0.89% to 22,941.80 points.
The uptick in market sentiment was supported by confirmation from the White House that U.S. President Donald Trump will meet Chinese President Xi Jinping next week during his Asia trip.
The meeting between the two world leaders is expected to ease trade tensions between Washington and Beijing that have been escalating after both countries announced retaliatory measures in recent days.
In other developments, Trump announced sanctions on Russian oil companies, marking a significant policy shift in an effort to increase pressure on Moscow over the war in Ukraine.
The move has sparked geopolitical tensions between the US and Russia, raising concerns about the risk of Moscow's retaliation, pushing up global oil prices.
Meanwhile, IBM shares fell 0.9% after the company reported a slowdown in its core cloud software segment, undermining its earnings performance despite beating expectations.
Trading volume on the US exchange was worth $19.07 billion, compared with an average of $20.62 billion over the past 20 trading days.
