A rally for Apple led Wall Street higher, as U.S. stocks reclaimed more of their sharp losses from last week. The S&P 500 rose 0.7% Wednesday.

U.S. stocks ended higher on Wednesday, led by a more than 1% gain in the Nasdaq, as Apple shares climbed after news of its plans to announce a domestic manufacturing pledge, and as the latest batch of corporate reports was mostly upbeat.

Amazon's median target price of $262 per share currently implies 24% upside, making it the best trillion-dollar stock to buy now, according to Wall Street. Amazon shares have dropped 10% since its second quarter earnings report because investors were concerned by management's guidance.

Asian shares advanced on Tuesday, following U.S. stocks higher after they won back most of losses last week that were capped by a sell-off driven by weak U.S. jobs data. Investors appeared to have recovered some confidence after worries over how President Donald Trump’s tariffs may be punishing the economy sent a shudder through

Health care stocks sank after the White House released letters asking big pharmaceutical companies to cut prices and make other changes in the next 60 days. Eli Lilly & Co. fell 2.6%, UnitedHealth Group slid 6.2% and Bristol-Myers Squibb dropped 5.8%.

Stocks resumed their uptrend Wednesday as investors parsed through the latest batch of corporate earnings reports. Rising expectations for a September rate cut also kept spirits high after another Fed member signaled support for a lower federal funds rate.

Wall Street inched to more records as gains for Alphabet and artificial-intelligence stocks helped make up for Tesla’s steep tumble.