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S&P 500, Dow on Track to Break Records as Microsoft Surges

Stocks traded at record intraday highs by mid-afternoon Wednesday as crude oil recovered a level above $45 and positive quarterly results for Microsoft (MSFT) spread earnings season cheer.

The S&P 500 was up 0.47%, the Dow Jones Industrial Average gained 0.27%, and the Nasdaq added 1.1%.

The Dow was on track to score a new record high after securing its best close ever on Tuesday. The Dow has logged sixth straight record closes. Improving economic data, particularly in the labor market, and signs the earnings recession could have hit a bottom have...


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