The S&P 500 technology sector rose 0.9 per cent, recovering from its biggest two-day decline in nearly a year that also weighed on the broader market.
Big tech names, such as Microsoft and Facebook, pushed the S&P 500 higher.
"Fundamentals look good.” Tech has led the benchmark S&P 500's 9-per cent rally this year, and its recent swoon has sparked speculation that investors may be rotating into other swaths of the market that have lagged in 2017, such as financials and energy.
The Dow Jones Industrial Average rose 92.8 points, or 0.44 per cent, to 21,328.47, the S&P 500 gained 10.96 points, or 0.45 per cent, to 2,440.35 and the Nasdaq Composite added 44.90 points, or 0.73 per cent, to 6,220.37.
Treasury Department announced a plan to upend the country's financial regulatory framework, which would grant many items on Wall Street's wishlist.