After moving mostly higher early in the session, stocks have seen further upside over the course of the trading day on Wednesday. The major averages are rebounding following the pullback seen over the two previous sessions, with the tech-heavy Nasdaq reaching its best intraday level in almost three months.
Currently, the major averages are just off their highs of the session. The Nasdaq is up 311.60 points or 2.5 percent at 12,660.35, the S&P 500 is up 63.47 points or 1.6 percent at 4,154.66 and the Dow is up 424.59 points or 1.3 percent at 32,820.76.
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