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US stocks close higher, with DJIA up 0.11%

infocast

<匯港通訊> US stocks reversed early morning losses and climbed to end higher on Wednesday after a hotter-than-expected retail sales report suggested to investors that interest rates might stay higher for longer.

The DJIA rose 38.78 points or 0.11%, to 34,128.05.

The S&P 500 rose 11.47 points or 0.28%, to 4,147.60.

The Nasdaq Composite rose 110.45 points or 0.92%, to 12,070.59.

Stocks rose in the three major European markets.

The FTSE 100 rose 43.98 points or 0.55%, to 7,997.83.

The German DAX rose 125.78 points or 0.82%, to 15,506.34.

The French CAC 40 rose 87.05 points or 1.21%, to 7,300.86.

(WL)