With gains in airlines, coal and oil equipment industries, U. S. markets turned higher on Wednesday.

According to the reports, U. S. shares of British oil giant BP rose 0.11 percent, after the firm was slammed on Tuesday on word from the Department of Justice it was opening a criminal investigation into the causes of the Deepwater Horizon oil spill, which began after an explosion at the offshore platform on April 20.

The Dow Jones industrial average, by close, gained 225.52 points, 2.25 percent, to 10,249.54.

With rise of 27.67 or 2.58 percent, the Standard & Poor's 500 index went up to 1,098.38.

The Nasdaq composite index added 58.74 or 2.64 percent to 2,281.07.

2,592 stocks advanced and 455 declined on a volume of 5 billion shares traded, on the New York Stock Exchange.

It was also reported that the 10-year treasury note fell 23/32 to yield 3.347 percent.

From Tuesday's $1.2236, the euro, near a four-year low, gained some ground, rising to $1.2244.

The dollar, against the yen, rose to 92.09 yen from Tuesday's 91.06 yen. (With Inputs from Agencies)