India, Feb. 26 -- After moving sharply lower over the past several sessions, stocks have moved back to the upside during trading on Wednesday. The major averages have all moved higher, with the tech-heavy Nasdaq leading the charge.
Currently, the major averages are off their highs of the session but still firmly positive. The Nasdaq is up 199.85 points or 1.1 percent at 19,226.24, the S&P 500 is up 43.40 points or 0.7 percent at 5,998.65 and the Dow is up 201.27 points or 0.5 percent at 43,822.43.
The rebound on Wall Street partly reflects bargain hunting following the recent pullback, which saw the Nasdaq and the S&P 500 close lower for four straight sessions.
The tech-heavy Nasdaq tumbled to its lowest closing level in three months on ...