The Dow Jones industrial average (INDU) gained 72 points, or 0.6%; to 12,233, the S&P 500 (SPX) rose 5.2 points, or 0.4%, to 1,324.6 and the Nasdaq (COMP) composite advanced 13 points, or 0.5%, to 2,797.
Outside of the China news, traders had little to act upon. Without any major negative news, traders said stocks will probably continue to float slowly higher. The Dow has been up six of the last seven sessions and 10 of the last 12 sessions.
"There's been this general optimism pushing the market right now that has been difficult to overcome," said Marc Pado, chief market strategist for Cantor Fitzgerald. "Retail investors are coming back, money is returning from overseas and it's frustrating investors who've wanted to short this market."
The dollar fell against the euro, but gained versus the British pound and Japanese yen.
Oil for March delivery closed down 54 cents to $89.94 a barrel.
Gold futures for April delivery rose $15.90 to $1,364.10 a troy ounce.
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