India, March 19 -- Following the sharp pullback seen in the previous session, stocks showed a strong move back to the upside during trading on Wednesday. With the rally, the major averages largely offset Tuesday's steep losses.
The major averages pulled back off their best levels going into the close but remained sharply higher. The Nasdaq surged 246.67 points or 1.4 percent to 17,750.79, the S&P 500 jumped 60.63 points or 1.1 percent to 5,675.29 and the Dow climbed 383.32 points or 0.9 percent to 41,964.63.
Stocks showed a notable rebound early in the session and saw further upside following the Federal Reserve's monetary policy announcement.
The Fed announced its widely expected decision to once again leave interest rates unchanged, bu...