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Dow Jones industrials break above 22,000

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Posted at 9:45 AM, Aug 02, 2017
and last updated 2017-08-02 09:45:17-04

NEW YORK (AP) 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