After moving sharply higher early in the session, stocks continue to see significant strength in afternoon trading on Wednesday. With the upward move, the Nasdaq and the S&P 500 have reached new record intraday highs.
Currently, the Nasdaq and S&P 500 are off their highs of the session but still firmly positive. The Nasdaq is up 297.88 points or 1.7 percent at 17,641.42 and the S&P 500 is up 55.21 points or 1.0 percent at 5,430.53.
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