Dow trades above 22,000 points for first time

FILE - In this July 9, 2015 file photo, a Wall Street sign is seen near the New York Stock Exchange in New York. U.S. stocks moved lower on the last day of the year as the market headed for a sluggish end to 2015. (AP Photo/Seth Wenig, File)

NEW YORK (AP) – The Dow Jones industrial average has traded above 22,000 points for the first time ever.

A big earnings gain from Apple gave the Dow Jones industrial average a boost on Wednesday morning.

Apple soared 6 percent in the first few minutes of trading Wednesday, accounting for all of the Dow’s gain. Apple reported another strong quarter and released a strong forecast late Tuesday.

Drugmaker Illumina jumped 12 percent after beating its earnings forecasts and issuing a strong outlook.

The Dow was up 68 points, or 0.3 percent, to 22,031.

The Standard & Poor’s 500 index rose 2 points, or 0.2 percent, to 2,478.

The Nasdaq composite increased 25 points, or 0.4 percent, to 6,388.

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