U.S. stocks finished higher after a shortened pre-holiday trading session Wednesday, gaining ground as data on consumer spending and durable goods orders for November came in better than expected.
The New York Stock Exchange closed early at 1 p.m. ET, ahead of the Christmas holiday.
"We're on the plus side, which is sort of a treat, considering that the market has been down for the past five sessions," said Peter Cardillo, chief market economist at Avalon Partners.
The Dow Jones Industrial Average (DJI) gained 49 points, good enough for a 0.6% advance to 8,468, with 22 of its 30 components trading higher.
Shares of General Motors Corp. (GM), hit hard this week, led the blue-chip gains, up 8%.
Automotive rival Toyota Motor Corp. (TM) said that its domestic production dropped 27.2% in November from a year earlier to 288,138 vehicles, the fourth straight monthly decrease.
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