Stocks rose on Wednesday as the market continued to rebound from a heavy sell-off earlier this week while Apple led a slew of companies that reported better-than-expected earnings.
The Dow Jones Industrial Average gained 187 points, or 0.7%. The S&P 500 advanced 0.5% along with the Nasdaq Composite.
Apple shares gained more than 2% to a record after its quarterly results easily beat analyst expectations. The company’s results were driven in part because of an 8% uptick in iPhone sales, which totaled $55.96 billion.