Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Airlinesread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.Politicsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
European aircraft manufacturer Airbus is betting travelers will want to fly long distances on smaller jets with the launch of its Airbus A321 XLR.Airlinesread more
The action reflects the evolving dynamic for U.S. companies that have done business with Huawei, which has been caught in the middle of growing U.S.-China trade tension.Technologyread more
The announcement comes after Trump blasted three countries because thousands of their citizens had sought asylum at the U.S. border with Mexico.Politicsread more
U.S. stocks jumped on Wednesday, lifting the Nasdaq Composite into positive terrain for the year, after minutes from the Federal Reserve's last session offset concern about when the central bank would raise interest rates.
The Federal Open Market Committee's minutes had policy makers unanimous in agreeing to drop an unemployment target for hiking rates.
The decision "makes a lot of sense, to have a fixed data point when you're talking about the unemployment rate doesn't consider all the factors," said Dave Roda, regional chief investment officer at Wells Fargo Private Bank.
Treasury yields jumped last month after Fed members forecast the benchmark interest rate would climb more rapidly than previously projected. And Fed Chair Janet Yellen said rates could begin to climb about six months after the central bank concludes its monthly bond purchases.
"In the end they confirmed that it's data dependent, as long as the pace of improvement in the economy remains at current levels, we should expect reductions in bond purchases and we should expect rates to stay at current levels for the foreseeable future, so some of that uncertainty was alleviated," Roda added.
"All the Fed knows right now is they are going to taper unless something massive happens in a negative way. This is a very accommodative Fed; Taper was accommodative plus, plus, now it's accommodative plus. We're not even near the territory of actual tightening," said Zachary Karabell, head of global strategy at Envestnet.
"You're seeing strength in some of the higher-growth stocks. I think that's giving people some confidence to wade back into the market," said Doug Foreman, chief investment officer at Kayne Anderson Rudnick.
"For a lot of people, that's been a source of concern, that it might be a prelude to a major correction, or that short-term investors were jumping on a trend that could quickly reverse," said Foreman of the three-session hit taken by biotech and new-tech shares.
After falling below its offering price in its first day of trading, midmarket hotel chain La Quinta reversed higher; the Blackstone-backed company raised $650 million from an offering of 38.25 million shares.
The climbed 20.22 points, or 1.1 percent, to 1,872.18, with health care and technology pacing gains that included all but telecommunications and utilities among its 10 major industry groups.
The market is oversold, at least in the short term, helping support prices, said Art Hogan, chief market strategist at Wunderlich Securities.
"The S&P 500 seems to be holding above the psychologically important 1,850 level," he added.
Up 0.2 percent for the year, the Nasdaq added 70.91 points, or 1.7 percent, to 4,183.90.
For every stock falling, more than two gained on the New York Stock Exchange, where nearly 703 million shares traded. Composite volume cleared 3.3 billion.
The 10-year Treasury yield used in figuring mortgage rates and other consumer loans climbed 1 basis point to 2.692 percent.
U.S. equities are rangebound and tied to 10-year and 30-year Treasury yields, believes said Nick Raich, chief executive officer at the Earnings Scout.
"It's all about the level of interest rates and expectations, when yields drop, that paves the way for continued positive improvement in earnings expectations," Raich said. When the 30-year Treasury bond hits 4.75 percent and the 10-year Treasury rises to 3 percent, "economic expectations roll over," along with stocks, he added.
The Commerce Department on Wednesday reported wholesale inventories rose 0.5 percent in February after a revised 0.8 percent the prior month, in line with expectations.
Shares of Alcoa gained after the aluminum producer projected demand for the metal would top output this year.
"So far, 24 companies have reported, counting Alcoa, on the first-quarter earnings clock, and the guidance is not as severe" as the prior quarter, said Raich.
On Tuesday, stocks rose, with the Nasdaq Composite bouncing back from its worst three-day hit since 2011.
—By CNBC's Kate Gibson
Coming Up This Week:
7:30 p.m.: Fed Gov.Daniel Tarullo
Earnings: Family Dollar, Pier 1 Imports, Shaw Communications, Commerce Bancshares, NQ Communications
Monthly chain store sales
8:30 a.m.: Jobless claims
8:30 a.m.: Import prices
8:45 a.m.: IMF Director Christine Lagarde press briefing
11:30 a.m.: Chicago Fed's Evans
1:00 p.m.: $13 billion 30-year auction
2:00 p.m.: Federal budget
Earnings: JP Morgan Chase, Wells Fargo, Fastenal
8:30 a.m.: PPI
9:55 a.m.: Consumer sentiment
More From CNBC.com: