Stocks rose broadly on Wednesday, with the tech-heavy Nasdaq index <.IXIC> up more than 3 percent, as strong results from chip maker Intel Corp lifted hopes for an upward turn in the economy.

The Dow Jones industrial average <.DJI> rose 205.11 points, or 2.45 percent, to 8,564.60. The Standard & Poor's 500 Index <.SPX> gained 22.38 points, or 2.47 percent, to 928.22. The Nasdaq Composite Index soared 54.68 points, or 3.04 percent, to 1,854.41.

(Reporting by Rodrigo Campos; Editing by Padraic Cassidy)