U.S. equity markets rallied Wednesday on prospects of the U.S. economy beginning its economic rebound with all 50 states now partially reopen.

Connecticut became the last state to begin reopening from coronavirus lockdowns, allowing retail, offices, outdoor restaurants and outdoor recreation activities to resume. Delaware, Kentucky and New Jersey also eased limits imposed to curb the spread of the COVID-19 pandemic.

The Dow Jones Industrial Average gained 369 points, or 1.52 percent, while the S&P 500 jumped 1.67 percent and the Nasdaq Composite rose over 2 percent, helped by big tech including Facebook which hit a record high.

Investors took cautious comments from the Federal Reserve's April minutes in stride after policymakers warned the coronavirus may carry "considerable risk" for the U.S. economy.

They also took in a bill passed by the U.S. Senate boosting oversight of companies based in China and elsewhere that could lead to their removal from American stock exchanges. Read more at FOX Business