The stock market hit another milestone Wednesday, with the Dow Jones reaching 22,000 points for the first time.
Apple soared six per cent in the first few minutes of trading Wednesday, accounting for all of the Dow’s gain. Apple reported another strong quarter and released a strong forecast late Tuesday.
READ MORE: How significant is Dow Jones hitting 20,000?
Drugmaker Illumina jumped 12 per cent after beating its earnings forecasts and issuing a strong outlook.
Get breaking National news
Get breaking Canada news delivered to your inbox as it happens so you won't miss a trending story.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
The Dow was up 68 points, or 0.3 per cent, to 22,031.
WATCH: Markets also reached a record high in January
- King Charles to discuss AI with company executives as threat fears mount
- Celine Dion returns to the stage after 6 years at Paris residency: ‘I missed this’
- Trump calls on Ukraine to stop strikes on Russian diesel citing global shortage
- AI stocks drop as tech companies call to slow down development for safety
The Standard & Poor’s 500 index rose 2 points, or 0.2 per cent, to 2,478.
The Nasdaq composite increased 25 points, or 0.4 per cent, to 6,388.
Comments
Want to discuss? Please read our Commenting Policy first.