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US Stocks Rise as Banks and Chinese Tech Gains Momentum

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US stocks rose on Wednesday, with the fear and greed index showing improved sentiment. The Dow Jones Industrial Average climbed 1.05%, the S&P 500 added 0.68%, and the Nasdaq Composite rose 0.3%. Bank stocks led gains, with JPMorgan Chase up 3% and Goldman Sachs rising 1.4%. On-chain data pointed to renewed buying in Chinese tech, as the Nasdaq China Golden Dragon Index rose 0.65%. Alibaba gained nearly 2%, while Huya surged 7%.
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