US stocks closed higher on Wednesday

US stocks-Wall Street increased on Wednesday after three-day decline in the Dow and the S&P 500, as investors awaited more clarity on the Federal Reserve’s fight against inflation.

The S&P 500 gained 0.29 percent and Dow Jones Industrial Average advanced to 18 percent.

The Nasdaq Composite added 0.41 percent to 12,431.53.

Investors await the three-day Jackson Hole economic symposium that starts Thursday with Fed’s Jerome Powell slated to speak Friday morning.