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Dow closes above 26,000 for the 1st time, up more than 300pts

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The Dow Jones Industrial Average, the stock market index of 30 major companies, rose 323 points Wednesday, closing above 26,000 for the first time. Meanwhile, the S&P 500, a stock market index focusing on market capitalizations of 500 large companies, rose 0.9 percent and finished at 2,802.56. This was also a record close for the S&P, as tech stocks were boosted by Apple, which erased previous losses after announcing a plan to repatriate billions of dollars in overseas cash. Meanwhile, the Nasdaq composite, a stock market index of similar securities and common stocks listed on the NASDAQ stock market, also finished with record numbers, closing at 7,298.28, a rise of one percent. (CNBC)

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