The rebound comes after Wednesday's interest rate freeze, which had lowered all indexes.
But after the US lifted its naval blockade against Iran and ships began to enter and exit the Persian Gulf again via the Strait of Hormuz, investors gained renewed hope for the future.
The Dow Jones Industrial Average and the broad-based S&P 500 rose 0.1% and 1.1%, respectively. The tech-heavy Nasdaq rose 1.9%.
Nasdaq was pulled up by a number of chip companies. Among them was Intel, after President Donald Trump's statement that the company had agreed with technology giant Apple to manufacture chips in the United States.
Intel surged 10.6%, closely followed by its industry peers.
On Friday, the US stock market is closed due to Juneteenth, the holiday commemorating the abolition of slavery.
