S&P closes at record high

U.S. stocks rose on Wednesday, with the S&P 500 ending at an all-time closing high after strong earnings from Bank of America and data signaled that the economy is improving.

The Dow Jones industrial average  rose 108.08 points or 0.66 percent, to end unofficially at 16,481.94. The S&P 500  gained 9.50 points or 0.52 percent, to finish unofficially at 1,848.38. The Nasdaq Composite  added 31.868 points or 0.76 percent, to close unofficially at 4,214.884.