Following the sharp pullback seen late in the previous session, stocks showed a strong move back to the upside during trading on Wednesday. The major averages more than offset Tuesday's losses, with the S&P 500 climbing back within striking distance of its record highs.
The major averages pulled back off their best levels going into the close but remained firmly positive. The Dow jumped 289.93 points or 1.1 percent to 27,976.84, the Nasdaq soared 229.42 points or 2.1 percent to 11,012.24 and the S&P 500 surged up 46.66 points or 1.4 percent to 3,380.35.
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