Some highlights from the day's business news:
Stocks climb to 2-year highs
Financial shares Wednesday sparked a broad rally that sent all three major indexes to fresh multi-year highs.
The Dow Jones industrial average added 83 points, or 0.7% to close at 11,755.44 - its highest level since September 2008. JPMorgan Chase was the Dow's biggest gainer, jumping more than 2%, followed by Bank of America, American Express and Boeing.
Bank shares also got a lift Wednesday from Wells Fargo's upgraded outlook for the sector.
The S&P 500 rose 11 points, or 0.9%, closing at 1,285.96 - its highest level since August 2008. The Nasdaq gained 20 points, or 0.8%, ending the day at 2,737.33 - a three-year high.
Treasuries slide as eurozone debt jitters ease
Treasury prices fell Wednesday for the second day in a row as U.S. stocks rallied and investors' concerns over eurozone debt issues eased.
Prices had been rising on the back of weaker-than-expected jobs data, but after Japan said it would support European debt with a bond purchase early Tuesday, the bond market changed direction.
Investors tend to move into the perceived safe-haven of U.S. government debt in times of economic uncertainty, but as investor confidence grows, they move into higher-return assets, like stocks.
On Wednesday, the yield on the benchmark 10-year note ticked up to 3.37% from 3.34% on Tuesday. The yield on the 30-year bond rose to 4.53%, while the five-year note rose to 1.98% and the two-year note edged up very slightly to 0.61%. Prices and yields move in opposite directions.
CNNMoney.com reporters Laurie Segall and Catherine Clifford contributed to this report.