U.S. stocks rise as economy expands in Q4

Wall Street shares closed higher on Thursday trading session with the local benchmark stock index Standard & Poor's 500 recording its largest gain in four weeks after a report showed that the U.S. economy is expanding faster than forecast. The Dow Jones industrial average added 0.70% to 15,848.61, the S&P 500 Index surged 1.13% to 1,794.19 and the Nasdaq Composite Index rose 1.77% to 4,123.13.