Wall St closes higher on data

In a shortened session ahead of the July 4 holiday, property, trade data helps US stocks overcome Portugal-sparked EU worries.

United States stocks overcame early losses to close higher in a holiday-shortened session as investors were buoyed by upbeat US economic data that overshadowed political and financial markets' turmoil in Portugal.

The Dow Jones industrial average rose 56.14 points, or 0.38%, to close at 14,988.55 points.

The S&P 500 index closed up 1.33 points, or 0.08%, to 1,615.41 points.

The Nasdaq Composite was up 10.27 points, or 0.30%, to close at 3,443.67 points.

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