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U.S. stocks close higher amid economic data

NEW YORK
2017-06-29 04:38

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U.S. stocks closed higher on Wednesday, with equities attempting to rebound from the slide in the previous session.

The Dow Jones Industrial Average was up 143.95 points, or 0.68 percent, to 21,454.61. The S&P 500 added 21.31 points, or 0.88 percent, to 2,440.69.

The Nasdaq Composite Index increased 87.79 points, or 1.43 percent, to 6,234.41.

The international trade deficit was 65.9 billion U.S. dollars in May, down 1.2 billion dollars from 67.1 billion dollars in April, said the U.S. Census Bureau on Wednesday.

According to the bureau, exports of goods for May were 127.1 billion dollars, 0.5 billion dollars more than April exports. Imports of goods for May were 193.0 billion dollars, 0.8 billion dollars less than April imports.

The pending home sales index from the National Association of Realtors, a forward-looking indicator based on contract signings, decreased 0.8 percent to 108.5 in May from a downwardly revised 109.4 in April.

Meanwhile, a Senate delay of vote on a health care bill to repeal and replace Obamacare on Tuesday raised concerns as investors doubted U.S. President Donald Trump's ability to push forward his economic stimulus plan.

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