India, April 15 -- Following the rally seen over the two previous sessions, stocks showed another strong move to the upside during trading on Wednesday. With the continued upward move, the Nasdaq and the S&P 500 reached new record closing highs.

The tech-heavy Nasdaq jumped 376.93 points or 1.6 percent to 24,016.02 and the S&P 500 advanced 55.57 points or 0.8 percent to 7,022.95, although the narrower bucked the uptrend and dipped 72.27 points or 0.2 percent to 48,463.72.

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