Wall Street closes higher

Investors shrug off weak retail numbers, push Dow back above 16,000

United States stocks closed higher, reversing losses in late afternoon trade as investors overlooked disappointing retail sales report and soft weekly jobless claims numbers.

Stocks started the day in the red but turned around as investors took heart from news of cable operator Comcast's $US45.2 billion ($A50 billion) acquisition of Time Warner Cable.

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