Wall Street surges to new record on data

US stocks return from holiday in strong fashion, lift on news of improving data.

US stocks have closed sharply higher, with the S&P 500 again hitting a fresh record as investors welcomed a flurry of economic data.

At the closing bell, the Dow Jones Industrial Average climbed 69.23 points, or 0.42%, to 16,675.50.

The broad-based S&P 500 lifted 11.38 points, or 0.60%, to 1,911.91, while the tech-heavy Nasdaq Composite Index surged 51.26 points, or 1.22%, to 4,237.07.

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