Wall Street Gains as Dow Breached 22,000 Mark

The Dow Jones industrial average breached the 22,000 mark for the first time ever on Wednesday, lifted by a rally in Apple's shares.

The 30-stock index rose 0.22 percent at 22,011.55. The S&P 500 climbed 0.07 percent at 2,478.18 while the Nasdaq Composite advanced 0.46 percent at 6,391.96.

Apple surged 6.02 percent to a record peak, after the world's biggest publicly listed company posted strong results and iPhone sales. The company also indicated that its upcoming 10th-anniversary phone is on schedule. The stock has gained nearly 30 percent in 2017.

The S&P 500 information technology index is 22 percent higher for the year to date, leading other sectors. It was the only S&P advancer with a one percent gain.

Ten of the 11 major S&P 500 sectors were lower. The energy index fell 0.81 percent and led decliners.

Two-thirds of S&P 500 firms have posted their second-quarter earnings so far and 72 percent have exceeded Wall Street's expectations, according to Thomson Reuters.

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