Stocks rose on Wednesday as shares of the major tech companies recovered some of their steep losses from the previous session.

The Dow Jones Industrials soared 243.45 points, to 27,930.36.

The S&P 500 heightened 43.17 points, or 1.3%, to 3,376.86.

The NASDAQ resumed its climb, 215.62 points, or 2%, to enter noon hour EDT at 10,998.44.

Sentiment was lifted in part by President Donald Trump saying late Tuesday that the U.S. government will purchase 100 million doses of Moderna’s experimental coronavirus vaccine, which is currently in late-stage human trials. Moderna shares came off their highs, but were still positive 0.7%.

Big Tech, meanwhile, recovered some of its sharp losses from the previous session. Facebook, Amazon and Netflix were all up more than 2% while Alphabet advanced 1.4%. Microsoft gained 2.4%, while Apple took on 2.8%.

On matters macroeconomic, the U.S. Labor Department released key data on Wednesday that showed core consumer prices rose at a much faster-than-expected rate last month. Core CPI jumped 0.6% in July, while economists expected a gain of 0.2%.

Prices for the 10-Year Treasury slipped, raising yields to 0.68% from Tuesday’s 0.65%. Treasury prices and yields move in opposite directions

Oil prices jumped 80 cents to $42.41 U.S. a barrel.

Gold prices recovered $3.50 to $1,949.80 U.S. an ounce.