U.S. stocks close higher amid economic data

Closing Indexes Summary August 30

U.S. stocks close higher amid economic data

U.S. stocks closed higher as investors were digesting a slew of major economic reports. Technology companies, retailers and travel providers all made solid gains.

USA real gross domestic product (GDP) increased at an annual rate of 3 per cent in the second quarter of 2017, according to the second estimate released by the Commerce Department on Wednesday. The S&P 500 gained 0.46% to close at 2,457.59, with information technology leading eight sectors higher.

The Dow Jones Industrial Average is one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. The tech-heavy Nasdaq composite rose 1.05% to 6,368.31, leading other major USA indices, and notched a three-day winning streak. The Russell 2000 index of smaller-company stocks added 7.64 points, or 0.6 percent, to 1,391.32.

Meanwhile, investors continue to assess the impact of the missile launch by North Korea.

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