US stocks trade higher amid economic data

New York: US stocks traded higher on Friday as investors digested a batch of key economic data.

The Dow Jones Industrial Average increased 108.19 points, or 0.38 percent, to 28,485.15. The S&P 500 rose 16.68 points, or 0.52 percent, to 3,222.05, Xinhua news agency reported.

The Nasdaq Composite Index increased 34.92 points, or 0.39 percent, to 8,922.14.

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US real gross domestic product increased at an annual rate of 2.1 percent in the third quarter of 2019, according to the US Department of Commerce, up from 2 percent in the second quarter.

In a separate report, the department said personal income increased $101.7 billion, or 0.5 percent in November.

Disposable personal income increased $87.7 billion, or 0.5 percent, and personal consumption expenditures increased $64.9 billion, or 0.4 percent, according to the department.

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