Wall Street managed a modest advance in light pre-holiday trading Wednesday, boosted by a gross domestic product report that showed the economy expanding at a faster pace than previously thought.
According to preliminary calculations, the Dow Jones industrial average rose 12.97, or 0.11 percent, to 11,382.91. Broader stock indicators showed mixed results. The Standard & Poor’s 500 index was down 0.01, or nearly unchanged at less than 0.01 percent as it closed at 1,304.27. The Nasdaq composite index rose 13.43, or 0.62 percent, to 2,185.73.
The Dow and S & P; 500 have been trading near their highest point in three months, while the Nasdaq is close to a seven-week high.
