Wall Street closes higher

US stocks close higher despite mixed data, Dow falls just shy of new peak.

US stocks have reversed losses to close higher as investors cheered the latest reading on the crucial services sector in the US. Earlier, stocks had fallen at the open on a softer private survey of jobs growth and a widening trade deficit.

At the closing bell, the Dow Jones Industrial Average lifted 15.13 points, or 0.09%, to 16,737.47, just six points shy of its record close of two days ago.

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