Equities markets in New York were up on Wednesday, as the Dow Jones Industrial Average gained 0.54 percent to 10,637.09, the Nasdaq composite was up 0.47 percent to 2,186.22, and the S&P 500 advanced by 0.46 percent to 1,236.79.

The telecommunications sector was the most successful on the day, advancing as a while by 1.2 percent on Sprint’s better-than-expected quarterly report, which showed earnings more than doubling on wireless growth. Shares in Sprint gained 3.7 percent to $25.90.

Amazon reported that second quarter net income was down 32 percent due to tax charges that overtook higher sales. However, because investors had been expecting worse news and because profit margins were up, the company’s shares were up by 12.4 percent in early trade to $42.32.

Boeing also reported it’s quarterly earnings, which topped expectations even though profits fell by 7 percent in the quarter. The aerospace company raised its outlook for the third quarter and by early afternoon shares were up 1.5 percent to $67.35.

Restructuring costs caused household goods group Colgate-Palmolive’s earnings to fall in the second quarter. Even through earnings were at 62 cents per share, down from 66 cents per share a year earlier, C-P’s shares advanced 0.6 percent to $52.05.