U.S. equity markets rose on Wednesday in a volatile session after reports that China is readying sanctions in retaliation for actions by the Trump administration.

Still, positive news on the race for a coronavirus vaccine combined with strong results from Goldman Sachs and progress on the U.S. infrastructure front helped secure gains.

The Dow Jones Industrial Average climbed 228 points, or 0.86 percent, while the S&P 500 and the Nasdaq Composite rose 0.91 percent and 0.59 percent, respectively. All three of the major averages closed off their best levels of the session.

President Trump, in the final hour of trading, delivered remarks on infrastructure and plans to improve the nation's interstates among other projects. The news sent S&P industrial stocks higher. Read more at FOX Business