Wall St closes higher despite IMF growth cuts

US stocks lift for fourth straight session, Nasdaq reaches 12-year high as Alcoa kicks off earnings season on upbeat note.

United States stocks have closed solidly higher for the fourth straight day as investors ignored the the International Monetary Fund's lowered growth forecasts for the US and global economies.

At the closing bell, the Dow Jones Industrial Average increased 75.65 (0.50%) to 15,300.34.

The broad-based S&P 500 added 11.85 (0.72%) to 1,652.31, while the tech-rich Nasdaq Composite Index rose 19.43 (0.56%) to 3,504.26.

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