The Dow added 0.33% to close at 21,962, a record close, after striking an all-time intraday high of 21,990 earlier in the session. The other major U.S. markets followed the Dow higher, though missed out on record closes. The S&P 500 increased 0.24% and the Nasdaq added 0.23%.
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4. -- AMC Entertainment Holding Inc. (AMC - Get Report) was falling 24% in premarket trading on Wednesday after the movie-theater chain said it would report a loss in the second quarter and announced cost cuts.
AMC, which reports earnings next week, said its loss in the quarter would be between $1.34 to $1.36 a share, much wider than analysts' forecasts that called for an adjusted loss of 3 cents. A year earlier, AMC posted a profit of 24 cents a share.
The company said the U.S. film industry experienced a "weaker than anticipated second quarter" and that it expects a "very challenging third quarter."
AMC said it introduced cost-saving measures such as reducing operating hours and staffing.
Nearly 40,000 of the 50,000 packing, sorting and shipping jobs at Amazon will be full time, the company said.
The retail giant will open 10 fulfillment centers for tours and information sessions and wants to hire qualified candidates who apply on-site that day. The plan is for new hires to walk in for an interview and walk out with a job offer, the company said.