U.S. stocks extended gains on Wednesday, with the Nasdaq up more than 1 percent, on stronger-than-expected quarterly results from bellwethers, including chipmaker Intel Corp
The Dow Jones industrial average <.DJI> gained 48.90 points, or 0.44 percent, to 11,068.32. The Standard & Poor's 500 Index <.SPX> rose 6.96 points, or 0.58 percent, to 1,204.26. The Nasdaq Composite Index <.IXIC> added 23.69 points, or 0.96 percent, to 2,489.68.
Earlier, retail sales data provided fresh evidence the economy is recovering.
(Editing by Jeffrey Benkoe)