Stocks were solidly higher on Wednesday, climbing to session highs after the release of the Federal Reserve's staff forecasts in the minutes of its recent policy-setting meetings.

Markets rallied strongly throughout the day, sparked by strong results from technology bellwether Intel Corp .

The Dow Jones industrial average <.DJI> rose 211.38 points, or 2.53 percent, to 8,570.87. The Standard & Poor's 500 Index <.SPX> gained 22.76 points, or 2.51 percent, to 928.60. The Nasdaq Composite Index <.IXIC> jumped 54.34 points, or 3.02 percent, to 1,854.07.

(Reporting by Leah Schnurr; Editing by Padraic Cassidy)