NEW YORK — Stocks closed slightly higher on Wall Street today after encouraging reports on the U.S. economy.
The Dow Jones industrial average rose 16 points, or 0.1 percent, to 14,840 today.
The Standard & Poor’s 500 index rose three points, or 0.2 percent, to 1,638. The Nasdaq composite rose 26 points, or 0.8 percent, to 3,620.
The government raised its estimate for U.S. economic growth in the April-through-June quarter to 2.5 percent from 1.7 percent. The number of Americans seeking unemployment benefits also continued to decline.
Verizon rose after Vodafone confirmed it was in talks to sell Verizon its stake in their U.S. joint venture, Verizon Wireless.
Two stocks rose for every one that fell on the New York Stock Exchange. Volume was light at 2.5 billion shares.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.