The Dow Jones Industrial Average rose 42.32 points, or 0.15%, to 28,164, the S&P 500 gained 13.13 points, or 0.42%, to 3,153.65 and the Nasdaq Composite added 57.24 points, or 0.66%, to 8,705.18. Consumer discretionary stocks rose 0.83 to lead all sectors.
NEW YORK: Wall Street's main indexes closed at record levels for a third straight day in a muted volume session on Wednesday ahead of the Thanksgiving holiday, as fresh data pointed to an economy on solid footing, while investors remained cautiously optimistic about a resolution to U.S.-China trade tensions.
U.S. economic growth picked up slightly in the third quarter, rather than slowing as first reported, and a steady increase in consumer spending in October indicated the economy will probably maintain its moderate pace of growth in the fourth quarter.
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