US stocks move higher

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US stocks have moved higher, shrugging off mixed earnings reports and uncertainty over the Russia-Ukraine crisis.

At the closing bell, the Dow Jones Industrial Average was up 32.05 points (0.19 per cent) to 16,583.02, about a point shy of a record high.

The broad-based S&P 500 added 2.82 (0.15 per cent) at 1,878.45, while the tech-rich Nasdaq Composite Index outperformed, gaining 20.37 (0.50 per cent) at 4,071.88.

Wall Street had some “pretty positive” economic data this week, said Art Hogan, chief market strategist at Wunderlich Securities.

“There’s less of a geopolitical flight-to-safety trade,” he said.