U.S. stocks rise as Wall Street looks to add to its winning streak

U.S. stocks were broadly higher in afternoon trading Wednesday as Wall Street looks to build on its recent winning streak .

The S&P 500 rose 0.8%. The Dow Jones Industrial Average gained 395 points, or 0.8%, and the Nasdaq added 0.9% as of 2:43 p.m. Eastern time. The major indexes are all on pace for their fourth-straight gain.

The rally was broad, with most of the sectors in the benchmark S&P 500 index moving higher and gainers outnumbering decliners by nearly 4 to 1 on the New York Stock Exchange.

Technology companies accounted for much of the gains. Dell Technologies climbed 6.6% after saying it has received record orders for its artificial intelligence servers. Dell and other technology companies had fallen earlier in the month as investors worried the prices for their stocks had