Wall Street was led higher by Apple and energy stocks, ahead of the release of the minutes of the Federal Reserve's October meeting which are likely to underpin expectations of an interest rate increase next month.
Apple stock (AAPL) was on the move Wednesday morning after the company reported the single-largest annual profit report in corporate history. The technology giant and maker of the iPhone announced it had made $53.4 billion over the last 12 months.
The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday.
A deal that allows thousands of companies to transfer data from Europe to the United States is invalid, the highest EU court said on Tuesday in a landmark ruling that follows revelations of mass U.S. government snooping.
Apple Inc said the WeChat messaging app and car-hailing app DiDi Taxi were among the 25 most popular apps that were found to be infected with malicious software, the first-ever large-scale attack on its App Store.