Investing.com - U.S. shares closed the session Wednesday higher, as high tech king pin Apple nearly doubled earnings and Federal Reserve Chairman Ben Bernanke advised he is willing to do more to stimulate growth.
At the close of U.S. trade, the Dow Jones Industrial Average moved higher by 0.69%, the S&P 500 added 1.31%, while the Nasdaq Composite surged 2.28%.
Sparking the risk on equity trade, earnings rocketed 12% on average crushing the average analysts estimate of a 0.6% increase.
Apple led the earnings surge with nearly doubled earnings pushing shares higher by 8.7%
Although, Ben Bernanke is holding off on additional measures to stimulate the economy, he made clear that the Fed will not hesitate to take action as needed to help the recovery.
In addition, the Fed reduced its forecast for unemployment and affirmed a plan to keep interest rates around zero at least until late 2014.
Aflac soared 7.7% as the insurer reported a doubling of first quarter profits due to investment results.
Boeing added 4.7% after stating it is boosting output to keep up with demand.
At the close of European trade, the EURO STOXX 50 added 1.70%, France's CAC 40 advanced 2.02%, while Germany’s DAX climbed 1.73%.
Meanwhile, in the U.K. the FTSE 100 gained 0.16%.
Traders are awaiting initial jobless claims in the United States and Japan`s interest rate decision on Thursday.
At the close of U.S. trade, the Dow Jones Industrial Average moved higher by 0.69%, the S&P 500 added 1.31%, while the Nasdaq Composite surged 2.28%.
Sparking the risk on equity trade, earnings rocketed 12% on average crushing the average analysts estimate of a 0.6% increase.
Apple led the earnings surge with nearly doubled earnings pushing shares higher by 8.7%
Although, Ben Bernanke is holding off on additional measures to stimulate the economy, he made clear that the Fed will not hesitate to take action as needed to help the recovery.
In addition, the Fed reduced its forecast for unemployment and affirmed a plan to keep interest rates around zero at least until late 2014.
Aflac soared 7.7% as the insurer reported a doubling of first quarter profits due to investment results.
Boeing added 4.7% after stating it is boosting output to keep up with demand.
At the close of European trade, the EURO STOXX 50 added 1.70%, France's CAC 40 advanced 2.02%, while Germany’s DAX climbed 1.73%.
Meanwhile, in the U.K. the FTSE 100 gained 0.16%.
Traders are awaiting initial jobless claims in the United States and Japan`s interest rate decision on Thursday.