US stocks closed higher as investors digested the latest economic data.
On Wednesday, the Dow Jones Industrial Average rose 146.97 points, or 0.53 per cent, to 27,649.78. The S&P 500 rose 19.56 points, or 0.63 per cent, to 3,112.76. The Nasdaq Composite Index rose 46.03 points, or 0.54 per cent, to 8,566.67, Xinhua news agency