The Dow Jones Industrial Average advanced 139.55 points (0.79%) to 17 868.76.
The broad-based S&P 500 gained 21.85 (1.07%) at 2 068.59, while the tech-rich Nasdaq Composite Index surged 61.63 (1.30%) to 4 787.64.
Apple, the largest US company by market capitalisation, leapt to a record high close on the US tech giant's gains in the smartphone market, expansion of its mobile payments and its soon-to-arrive smartwatch.
Shares rose 1.9% to close at $122.02, lifting Apple's market value to $710bn, the first company to hit the $700bn milestone close.
JetBlue Airways announced it would be the first major domestic carrier in the US to accept Apple Pay, Apple's mobile payment tool, in-flight. JetBlue rose 2.1%.
First Solar jumped 4.8% after announcing that Apple agreed to commit $848m for solar energy to power its data centres.
Dow member Coca-Cola rose 2.8% as fourth-quarter earnings translated into 44 cents per share, 2c above analyst estimates.
Starwood Hotels and Resorts added 6.6% as fourth-quarter earnings soared 82.8% to $234m. Starwood also announced it would spin off its time-share business into a separate publicly traded company.
Chipmaker Qualcomm rose 4.7% following news it will settle an antitrust probe in China. Qualcomm will pay $975m and modify its business practices in the country. A note from Deutsche Bank said the agreement removes a major overhang from the stock.
General Motors added 4.2% as it disclosed that it received notice from a consortium of hedge funds seeking $8bn in share repurchases.
Online listings and review site Yelp rose 5.9% after announcing it would acquire Eat24, an online food ordering service with access to about 20 000 restaurants across the US. The transaction is valued at $134m.
Martin Marietta Materials, which sells concrete and other building materials, surged 15.2% as fourth-quarter earnings jumped 78% to $64m.
Bond prices fell. The yield on the 10-year US Treasury advanced to 1.99% from 1.96% on Monday, while the 30-year rose to 2.58% from 2.54%.
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