Wall Street ends higher, powered by strong earnings, economic cheer

The Dow Jones Industrial Average rose 286.01 points, or 0.83%, to 34,798, the S&P 500 gained 35.63 points, or 0.82%, to 4,358.69 and the Nasdaq Composite added 133.08 points, or 0.92%, to 14,631.95.

NEW YORK: Wall Street stocks posted their second straight daily gain on Wednesday, with robust corporate earnings and renewed optimism about the U.S. economic recovery fueling a risk-on rally.

All three major U.S. stock indexes added to their previous session's advance, placing all three within 1% of their all-time closing highs.