In closing trade, the Dow Jones Industrial Average was up 259.36 points (2.18 percent) at 12,153.15.

The broad-based S&P 500 added 24.14 (1.95 percent) to 1,263.83, while the tech-heavy Nasdaq Composite surged 53.60 (2.04 percent) to 2,678.75.

Volume was low due to a public holiday for Veterans Day.