India, May 6 -- Stocks have moved sharply higher over the course of the trading day on Wednesday, adding to the gains posted in the previous session. With the continued advance, the Nasdaq and the S&P 500 have reached new record intraday highs.
Currently, the major averages are just off their highs of the session. The Nasdaq is up 338.17 points or 1.3 percent at 25,664.29, the S&P 500 is up 81.08 points or 1.1 percent at 7,340.30 and the Dow is up 612.54 points or 1.2 percent at 49,910.79.
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