(CNBC) -- Stocks rose sharply on Wednesday, building on this week’s gains, as traders increased bets of an economic recovery with more states easing stay-at-home orders. Tech shares led the gains.
The Dow Jones Industrial Average traded 311 points higher, or 1.3%. The S&P 500 gained 1.5% while the Nasdaq Composite outperformed with a 1.9% gain.
Wednesday’s advance put the major averages up more than 3% for the week. It also put the tech-heavy Nasdaq up 4.2% for 2020, adding to the index’s lead over the Dow and S&P 500 year to date.
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