Technology led market gains on Wednesday as the S&P tech sector hit its highest level since November 2000 and the Nasdaq 100, another indicator of industry growth, reached a 14-year high.
The S&P tech sector is the only division of the index that traded at a 52-week high on Wednesday morning. Companies leading gains at 52-week highs included Qualcomm, Hewlett-Packard, EMC Corporation, Broadcom and Amphenol.
Programmable devices company Xilinx was the greatest laggard.