U.S. stocks closed about half a percent higher on Wednesday, ending a day of choppy trade as investors weighed mixed earnings and signs of strength in the housing market.
The Nasdaq was within 15 points of its all-time closing high of 5,048.62. The Dow Jones industrial average held above 18,000 and briefly added 100 points in the last 40 minutes before the close. The S&P 500 was within 15 points of its all-time intraday high.
Earlier, stocks fluctuated around the flat line with the Nasdaq underperforming the major averages.
Stocks opened higher and futures turned higher in the half hour before the open following results from blue-chips Coca-Cola, McDonald's, Boeing.
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