Major averages rallied off lows and were near session highs more than two hours into Wednesday’s session. The Nasdaq led the way, up 0.6%, after touching its 50-day moving average. The Dow Jones industrial average and S&P 500 added 0.5% each. NYSE volume was tracking higher than Tuesday’s levels. Nasdaq volume was lower. In economic news, August new-home sales came in at 504,000, well above expectations.