Stocks moved mostly higher during trading on Wednesday, adding to the substantial gains posted in the previous session. The major averages all moved to the upside, with the tech-heavy Nasdaq posting a standout gain.

The major averages gave back some ground in afternoon trading after a morning rally but remained firmly positive. The Nasdaq jumped 250.32 points or 1.2 percent to 21,840.95, the S&P 500 climbed 46.80 points or 0.7 percent to 6,575.32 and the Dow rose 224.23 points or 0.5 percent to 46,565.74.

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