Tech, utilities stocks rise

Technology companies also advanced on Wednesday on Wall Street. The sector is reliant on China for sales and supply chains and benefits from better trade relations.

Microsoft gained by 0.7 percent and Advanced Micro Devices gained by 0.8 percent.

Utilities and consumer staples sector stocks notched gains. Edison International climbed by 2.5 percent and PepsiCo was up by 1.7 percent.-AP