U.S. indices rallied to all-time highs during Wednesday's session, fuelled by strong tech sector gains.
The Dow Jones Industrial Average climbed 308.5 points, or 0.7%, to 45,014. The S&P 500 advanced 0.6% to 6,086.5, while the Nasdaq Composite rose 1.3% to close at 19,735.1. All three indices set intraday and closing records, with the 30-stock Dow breaking the 45,000 milestone.
Salesforce soared nearly 11% after surpassing revenue estimates for its fiscal third quarter. Marvell Technology also surged 23%, buoyed by better-than-expected earnings and strong fourth-quarter guidance.
The rally comes as investors await U.S. employment data due Friday, with economists predicting 214,000 jobs added in November. Meanwhile, ADP’s Wednesday report showed private payroll growth of 146,000, falling short of the 163,000 expected.
On the bond markets, 10-year and 2-year rates were at 4.182% and 4.13%, respectively.