The Dow Jones Industrial Average surpassed 45,000 for the first time Wednesday, closing at 45,014.04, while the S&P 500 and Nasdaq Composite also reached all-time highs.

Tech shares, powered by strong earnings from Salesforce and Marvell Technology, fueled the gains, with Salesforce rising nearly 11% and Marvell surging 23%.

Investors also watched labor market data and Federal Reserve comments signaling a cautious approach to future rate cuts.