NEW YORK, Dec. 3 (Xinhua) -- U.S. stocks closed higher on Wednesday after fresh employment figures from Automatic Data Processing, Inc. (ADP) strengthened expectations that the Federal Reserve will cut interest rates next week.
The Dow Jones Industrial Average rose 408.44 points, or 0.86 percent, to 47,882.9. The S&P 500 added 20.35 points, or 0.3 percent, to 6,849.72. The Nasdaq Composite Index increased by 40.42 points, or 0.17 percent, to 23,454.09.
