Dow breaches 21,000 as banks gain on rate talk

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U.S. stocks opened at record intraday highs on Wednesday, with the Dow breaching the 21,000 mark for the first time ever as a more measured tone in President Donald Trump's speech reassured investors and bank stocks gained on higher chances of an interest rate hike this month. The Dow Jones Industrial Average . DJI was up 184.17 points, or 0.88 percent, at 20,996.41, the S&P 500 . SPX was up 18.65 points, or 0.789037 percent, at 2,382.29 and the Nasdaq composite . IXIC was up 49.66 points, or 0.85 percent, at 5,875.10.

Wells Fargo says no 2016 cash bonuses for eight senior executives Wells Fargo & Co said eight senior executives, including Chief Executive Tim Sloan and Chief Financial Officer John Shrewsberry, will not receive cash bonuses for 2016, as the bank looks to increase accountability following a sales scandal.

Generic drugmaker Mylan's profit benefits from Meda buy Generic drugmaker Mylan NV reported better-than-expected quarterly profit and revenue on Wednesday, helped by strong demand for drugs it acquired through its purchase of Sweden's Meda last year.

Exxon touts growth potential with eye toward dividend NEW YORK Exxon Mobil Corp , the world's largest publicly traded oil producer, sought to reassure anxious investors on Wednesday about its growth potential, highlighting both short- and long-term projects that executives said should continue to help fund the 106-year-old dividend.