Wall Street advanced on Tuesday, with the Dow Jones Industrial Average closing above 15,000 for the first time, on optimism over global central bank stimulus and as German industrial data beat expectations.
The Dow Jones industrial average rose 87 points, or 0.58%, to close at a record 15,056. The Standard & Poor's 500 Index gained eight points, or 0.52%, to end at 1,626 – the fourth straight record close. The Nasdaq Composite Index advanced four points, or 0.11%, to close at 3,397.
Shares recorded early gains after Germany, Europe's largest economy, reported a 2.2% increase in industrial orders in March, compared with expectations for a drop of 0.5%.
Shares of JP Morgan Chase (JPM.N), up 2%, fuelled the S&P 500's climb, while Caterpillar (CAT.N) rose 2.5% and ranked as the Dow's top percentage gainer.
Energy sector rose amid higher US oil and gas producer, with EOG Resources Inc (EOG.N) climbing 7.7%.
DirecTV (DTV) gained 6.9% to an all-time high after adding more subscribers than analysts projected. Fossil Inc. advanced 9% after profit beat estimates and the company lifted its forecast for the year.
Shares of Whole Foods (WFM.O) rose 8.4% after the bell after it reported a higher second-quarter profit. Shares of department store chain J.C. Penney (JCP.N) rose 1.5% in extended-hours trading after it reported preliminary first-quarter results.
On the negative side, information technology shares suffered, with Apple (AAPL.O) declining after three days of gains. The stock ended down 0.4%.
First Solar Inc. (FSLR) plunged 8.9% after earnings fell short of estimates.
In Asia, shares gained for a third day on Wednesday in late morning trade as Chinese imports and exports exceeded estimates and optimism grew that central-bank stimulus will boost profits.
The MSCI Asia Pacific Index climbed 0.9% to 143 as of 11:01 a.m. in Tokyo. Australia’s S&P/ASX 200 Index gained 0.8% to trade near the highest level in five years. South Korea’s Kospi index rose 0.4% and New Zealand’s NZX 50 Index added 0.3%.
Singapore’s Straits Times Index jumped 0.7% and Taiwan’s Taiex Index climbed 1.3%. Hong Kong’s Hang Seng Index gained 0.7% and China’s Shanghai Composite increased 0.5%.