Stocks rose on Wednesday following the release of Apple's quarterly results and strong jobs data for April.
The Dow Jones Industrials gained 42.26 points to 26,635.17, with Apple contributing most of the gains.
The S&P 500 picked up 4.43 points to 2,950.26, to a fresh all-time high as the tech sector gained 1%. The broad index is also having its best start to a year since 1987.
The NASDAQ Composite index gained 33.36 to 8,128.75
Apple shares rose 4.5% after its earnings and revenue for the previous quarter beat expectations. The tech giant's guidance for the next quarter was also better than expected.
Advanced Micro Devices and Mondelez also gained 5% and 2.9%, respectively, after posting better-than-expected results.
Overall, the corporate earnings season is turning out better than analysts had expected. Of the companies that have reported so far, 75% have beaten earnings estimates.
Equities also got a boost after ADP and Moody's Analytics said private payrolls increased by 275,000 in April, easily blowing by a Dow Jones estimate of 177,000. The strong gain was led by an increase of 223,000 in payrolls within the services sector.
The report by ADP and Moody's is largely considered to be a preview for the U.S. government monthly jobs report. Other data set for release Wednesday include manufacturing Purchasing Managers Index, and construction spending figures..
The report is the latest piece of economic data to top expectations. Last week, the Commerce Department said the U.S. economy grew at an annualized rate of 3.2% in the first quarter, easily surpassing expectations.
Prices for the benchmark 10-year U.S. Treasury were up, lowering yields to 2.48% from Tuesday's 2.51%. Treasury prices and yields move in opposite directions.
Oil prices slid 12 cents to $63.79 U.S. a barrel.
Gold prices lost a dime to $1,285.60 U.S. an ounce.