The Dow Jones industrial average closed at an all-time high on Wednesday after investors assessed more corporate earnings, the latest move from the Fed and an unexpectedly weak reading on economic growth in the first quarter. Sealed Air, a food packing company, and C.H. Robinson, a freight company, were among stocks that rose after reporting earnings.
The Dow Jones industrial average rose 45.47 points, or 0.3 percent, to 16,580.84.
The Standard & Poor's 500 index gained 5.62 points, or 0.3 percent, to 1,883.95.
The Nasdaq composite climbed 11.01 points, or 0.3 percent, to 4,114.56.
For the week:
The Dow Jones industrial average is up 219.38 points, or 1.3 percent.
The Standard & Poor's 500 index is up 20.55 points, or 1.1 percent.
The Nasdaq composite is up 38.99 points, or 1 percent.
For the year:
The Dow is up 4.18 points, or 0.03 percent.
The S&P 500 index is up 35.59 points, or 1.9 percent.
The Nasdaq composite is down 62.03 points, or 1.5 percent.