Stocks have moved notably higher during trading on Wednesday, adding to the modest gains posted in the previous session. With the upward move, the major averages are further offsetting the steep losses posted last week.
Currently, the major averages are just off their highs of the session. The Nasdaq is up 295.92 points or 1.3 percent at 22,874.30, the S&P 500 is up 58.76 points or 0.9 percent at 6,901.98 and the Dow is up 290.95 points or 0.6 percent at 49,824.14.
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