After moving mostly higher early in the session, stocks saw further upside over the course of the trading day on Wednesday. The Dow closed higher for the third consecutive session, climbing further off last Friday's seven-month closing low.
The major averages pulled back off their highs going into the close but held on to strong gains. The Nasdaq surged 210.23 points or 1.6 percent to 13,061.47, the S&P 500 jumped 44.06 points or 1.1 percent to 4,237.86 and the Dow advanced 221.71 points or 0.7 percent to 33,274.58.
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