The Dow Jones Industrials regained 63.03 points to 34,283.39.
The S&P 500 recovered 11.36 points to 4,408.81
The NASDAQ Composite jumped 119.38 points to 13,490.95.
BlackRock, Fastenal and Delta Air Lines all traded higher on the back of better-than-expected quarterly results. Delta also got a boost after the airline said it expects to return to profitability this quarter.
Other travel stocks surged as a group on Wednesday. American Airlines soared more than 8%, Southwest Airlines jumped past 6%, Expedia rallied 3.6% and Carnival Corporation jumped nearly 5%.
To be sure, shares of JPMorgan Chase fell 2% after the banking giant reported a $524-million hit caused by market dislocations due to sanctions against Russia. The bank also posted a 42% decline in first-quarter profits. JPMorgan did manage, however, to report $31.59 billion in revenue for the period,
On Wednesday, a report showed producer prices — wholesale costs that could eventually lead to higher retail prices — jumped a record 11.2% in March on an annual basis. The monthly gain of 1.4% topped the 1.1% estimate from economists polled by Dow Jones.
Treasury prices gained ground, putting yields back down to 2.66%, from Tuesday’s 2.73%. Treasury prices and yields move in opposite directions.
Oil prices moved forward $1.37 to $101.97 U.S. a barrel.
Gold prices jumped $5.50 to $1,981.60 U.S. an ounce.
Stocks Rise at Start of Earnings Season