(Reuters) - The S&P 500 and the Nasdaq indexes hit all-time highs on Wednesday as Apple became the first publicly listed U.S. company to cross $2 trillion in market capitalization, with strong results from retailers Target and Lowe’s also lifting sentiment.

Already crowned the most valuable listed company in the world, Apple Inc rose 1.4% to cross the milestone, while providing the biggest support to the three main indexes.

“For this market to sustain all-time high levels we either have to see something develop on the fiscal side, or we would need to see large-cap tech continue to lead,” said Yousef Abbasi, global market strategist at StoneX.

The S&P 500 closed at a record level on Tuesday in what has been its fastest recovery ever from a bear market. The Nasdaq recouped its losses from the pandemic selloff two months ago, but the Dow is still nearly 5% below February’s record closing high.

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