• The Dow Jones Industrial Average .DJI rose 197.65 points, or 0.79 percent, to 25,241.94, while the S&P 500 .SPX gained 13.42 points, or 0.48 percent, to 2,820.4.

The Nasdaq Composite .IXIC dropped 1.11 points, or 0.01 percent, to 7,840.77. It reversed course after having hit a record high earlier in the session.

The S&P 500 on Tuesday closed at its highest level since Feb. 1 as Alphabet’s blowout results bolstered expectations of a robust earnings season.

• Asian markets were mixed in early Wednesday trade, with benchmarks in Japan and South Korea tracking higher after Wall Street mostly advanced on the back of strong corporate results overnight.

The Nikkei 225 traded higher by 0.4 percent in Tokyo, with the iron and steel sector leading gains in early trade: JFE Holdings rose 3.05 percent and Nisshin Steel rallied 2.67 percent. Automakers were higher for the most part, but Mitsubishi Motors dropped 4.52 percent despite reporting expectation-topping earnings in the previous session.

In Seoul, the Kospi saw similar gains, adding 0.48 percent in the morning as large cap technology stocks rose, with Samsung Electronics higher by 0.54 percent, while retailers tracked slightly lower.

Elsewhere, the S&P/ASX 200 shed 0.12 percent as declines in health care and financials were mostly offset by gains in the materials sector.

Reference: Reuters, CNBC