Global Markets at 19-Month High as Stocks Gain Steam

The Dow Jones Industrial Average is within striking distance of the psychologically important 20,000 level yet again. The S&P 500 and Nasdaq closed at record highs on Tuesday and global markets followed.

Earnings will dominate Wednesday's agenda.

More executive orders from President Donald Trump are expected today. White House officials tell reporters the president is expected to enable construction of his proposed wall on the U.S./Mexico border and target cities where local leaders refuse to screen for illegal immigrants.

Cisco (CSCO) - Get Report has snapped up a business software company less than 24 hours before it was to price its IPO. The tech giant is buying AppDynamics for $3.7 billion as it seeks to bolster its software offerings to large enterprise customers.