After moving modestly higher early in the session, stocks have seen considerable further upside over the course of the trading day on Wednesday. The major averages have more than offset the losses posted in the previous session, with the Nasdaq reaching its best intraday level in well over eight months.
In recent trading, the major averages have once again reached new highs for the session. The Dow is up 433.55 points or 1.3 percent at 33,445.69, the Nasdaq is up 158.63 points or 1.3 percent at 12,501.68 and the S&P 500 is up 51.86 points or 1.3 percent at 4,161.76.
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