U.S. stocks have climbed with both the S&P 500 and Nasdaq rallying more than 1% as a pullback in United States.

Treasury yields helped lift expensive stocks in sectors such as technology as investors attempt to gauge the path of inflation.

Among the 11 major S&P sectors, technology advanced about 2% as the best performing on the session, as yields on the benchmark 10-year Treasury bond hit a two-week low.

The Dow Jones rose 0.75 per cent, while the S&P 500 gained 51.82 points or 1.25 per cent

The Nasdaq up 1.64%.

Tech giants Apple  and Microsoft are each up about 2% at the close.