NEW YORK, Dec. 4 (Xinhua) -- U.S. Stocks traded higher on Wednesday as investors digested the latest economic data.
At midday, the Dow Jones Industrial Average rose 220.97 points, or 0.80 percent, to 27,723.78. The S&P 500 was up 23.28 points, or 0.75 percent, to 3,116.56. The Nasdaq Composite Index increased 55.95 points, or 0.66 percent, to 8,576.86.
Most of the 30 Dow components traded in green territory, with 3M Co and Goldman Sachs rising 2 percent and 1.78 percent, respectively, leading the gainers.
All of the 11 primary S&P 500 sectors traded on an upbeat note, with the energy sector gaining 1.76 percent, the biggest winner.
On data front, the U.S. non-manufacturing sector continued to expand in November, the Institute for Supply Management (ISM) said Wednesday.
The non-manufacturing index (NMI), which gauges the performance of the services sector, registered 53.9 percent in November, which is 0.8 percentage points lower than the October reading of 54.7 percent, according to the latest Non-Manufacturing ISM Report on Business.
A reading above 50 indicates expansion in the services sector, which accounts for more than two-thirds of U.S. economic activity. But the figure was lower than Wall Street estimates. Enditem
