The Dow and S&P 500 ended at record highs on Wednesday as data pointed to improving conditions in the US services sector, boosting cyclical stocks.

Based on the latest available data, the Dow Jones industrial average rose 32.81 points, or 0.18 per cent, to 17,912.36, the S&P 500 gained 7.69 points, or 0.37 per cent, to 2,074.24 and the Nasdaq Composite added 18.66 points, or 0.39 per cent, to 4,774.47.

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