(CNBC) — Stocks traded higher on Wednesday following the release of stronger-than-expected quarterly results from some of the biggest U.S. companies.
The Dow Jones industrial average rose 323 points to a record high, closing above 26,000 for the first time. The index first broke above the milestone mark on Tuesday.
The S&P 500 gained 0.9 percent, with staples and tech rising more than 1 percent. Tech stocks got a boost from Apple, which erased losses after announcing plans to repatriate billions in overseas cash.
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