Wall Street closes higher on data

US stocks have reversed significant early losses to close higher as investors cheered more US data that highlighted a lift in economic activity

US stocks have reversed significant early losses to close higher as investors cheered more US data that highlighted a lift in economic activity.

Stocks had earlier given up about 1 per cent as rising tensions in Ukraine and soft manufacturing data in China put a dampener on investor optimism.

At the closing bell, the Dow Jones Industrial Average was up 17.66 points, or 0.11%, to 16,530.55.

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