Stocks hit records after opening gains; Dow trades above 23,000
U.S. stock-market indexes scaled all-time highs after opening modestly higher on Wednesday, as investors focused on another round of key corporate earnings. The Dow Jones Industrial Average traded above the psychologically important level of 23,000, after gaining 114 points, or 0.5%, to 23,111. The S&P 500 was 4 points, or 0.1%, higher at 2,563. The tech-heavy Nasdaq Composite index advanced 9 points, or 0.1%, to 6,632. Shares of International Business Machine jumped 7.7% after estimate-beating third-quarter earnings results, adding about 50 points to Dow industrials.