US stocks ended the day with a rally as investors are eagerly anticipating the release of the CPI figures on Thursday so they can assess the direction of the rate hikes.

All the main sectors of the S&P 500 almost nudged up, where the real-estate sector comes in the forefront with an edge of 2.4%, on the other hand the tech stocks climbed by 0.6%.

Predictions hover around a slump in the quarter earnings for the major Wall Street's banks triggered by concerns over slow in the economy due to the hawkish rate hikes.

Markets have been pinning hopes on Fed to ease its aggressive stance and slow down the pace of interest rate raises but the hopes were quashed after some Fed officials announced that the hawkish rate hikes shall continue to tame the soared inflation.

Nasdaq Composite advanced by 106.63 points or 0.99% at 10,849.26, while S&P soared by 24.13 points or 0.62% at 3,943.38 and the Dow Jones Industrial Average edged by101.44 points or 0.30% at 33,805.54.