Stocks Keep Pushing the Ceiling -- Wednesday's IP Market Recap

The Dow Jones Industrial Average and the S&P 500 kept ripping pages out of the record book Wednesday after an accidental early release of the Fed’s indicated a continuation of its monetary easing policy through mid-2013.

Investors were also encouraged by a report showing a 10% year-over-year increase in trade with China.

The Dow — which was powered by tech components Intel (NASDAQ:, +2.5%), Cisco (NASDAQ:, +2%) and Microsoft (NASDAQ:, +2%) — rose 0.88% to set a new high of 14082.24.

Yahoo (NASDAQ:) and Apple (NASDAQ:) joined the tech surge after announcing they are in discussions to expand their partnership in Apple’s iOS platform, helping the Nasdaq to a huge 1.83% improvement to 3297.25, and pushing the S&P 500 1.22% to a new high-water mark of 1587.73. Apple and Yahoo each finished up around 2%, with the latter trading around five-year highs.

Facebook (NASDAQ:) stock rose nearly 4% after unveiling a new way to monetize users that involves gathering data from outside the social network, such as spending patterns. Also Wednesday, General Motors (NYSE:) said it would start advertising its latest subcompact offering, the Chevrolet Sonic, on the social website,

ending a one-year long hiatus from the site.

The day wasn’t as kind to solar panel manufacturer First Solar (NASDAQ:), which retreated 7% following Tuesday’s massive guidance-fueled run-up. Jinksolar (NYSE:, -6.9%) and Sunpower (NASDAQ:, -5.4%) saw similar selloffs.

Computer networking company Adtran (NASDAQ:) soared nearly 14% on a huge first-quarter earnings beat, while Family Dollar (NYSE:) missed earnings estimates and provided weak forward guidance, yet still saw shares improve more than 1%.

And lastly, homebuilder Taylor Morrison (NYSE:) started its first day as a public company with a bang, jumping over 4% after pricing at the high end of its range.