Investors pushed stocks higher in afternoon trading Wednesday, propelling the Dow Jones Industrial average up 144 points, or 1.3%, to close at 11.320.71. Gold, meanwhile, lost some of its luster, shedding 5.6% of its value to close at $1,757.30, its largest one-day decline in more than three years.

The Nasdaq composite rallied up 22 points to finish at 2,467.69 while the S&P 500 tacked on 15 points, or 1.3%, to close at 1,177.60.

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