Nasdaq Closes at Record High

Stocks are closing solidly higher on Wall Street, driven by strong earnings from Walmart Stores, Cisco Systems, and other companies, the AP reports. The gains Thursday broke a two-day losing streak for the market and pushed the Nasdaq composite to another record high, its first in just over a week. Internet gear maker Cisco Systems rose 5.2% after reporting a bigger profit than analysts expected. Cisco said revenue should grow in this quarter after two years of declines. Walmart jumped 10.9% after posting strong sales. The Standard & Poor's 500 index gained 21 points, or 0.8%, to 2,585. The Dow Jones industrial average rose 187 points, or 0.8%, to 23,458. The Nasdaq gained 87 points, or 1.3%, to 6,793. (More stock market stories.)