Markets Right Now: Dow Jones industrials break above 22,000 - KMOV.com

Markets Right Now: Dow Jones industrials break above 22,000

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Trader Sal Suarino, center, works on the floor of the New York Stock Exchange, Tuesday, Aug. 1, 2017. More solid earnings reports from U.S. companies are sending stocks higher in early trading on Wall Street. (AP Photo/Richard Drew) Trader Sal Suarino, center, works on the floor of the New York Stock Exchange, Tuesday, Aug. 1, 2017. More solid earnings reports from U.S. companies are sending stocks higher in early trading on Wall Street. (AP Photo/Richard Drew)

By The Associated Press

The latest on developments in financial markets (All times local):

9:35 a.m.

A big earnings gain from Apple is sending the Dow Jones industrial average above 22,000 points for the first time.

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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