Dow rises nearly 100 points to close at a record amid solid earnings

(CNBC) — U.S. stocks rebounded on Wednesday as strong earnings results and economic optimism pushed the Dow Jones Industrial Average to a record high.

The blue-chip Dow gained 97.31 points, or 0.3%, to 34,230.34, hitting a record closing high. The S&P 500 rose 0.1% to 4,167.59. The Nasdaq Composite fell 0.4% to 13,582.42, however, as Amazon, Netflix and Facebook all dipped more than 1%.

General Motors shares climbed over 4% after earnings blew past expectations. Activision Blizzard traded higher by 3% after strong results.

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