U.S. stocks opened higher on Wednesday, with major indexes pushing into record territory on the back of strong corporate results. The Dow Jones Industrial Average rose 100 points, or 0.4%, to 23,480. The S&P 500 was up 8.5 points to 2,584, a rise of 0.3%. The Nasdaq Composite Index was up 32 points, or 0.5%, to 6,759. Both the S&P and the Nasdaq hit intraday records in early trading. Among the market’s biggest movers, U.S. Steel Corp. gained 11% a day after it reported results that came in above analyst forecasts. Allergan Plc. fell 1.9% despite results that also came in ahead of expectations. Markets have been buoyed by a rebound in private-sector employment last month as employers added 235,000 jobs. An upbeat set of manufacturing data from China, as well as a rally in oil prices, which continued to push above a two-year high supported global equity markets.
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