NEW YORK, Nov. 27 (Xinhua) -- U.S. stocks ended higher on Wednesday, following closing highs on Tuesday, as investors digested a batch of data including the moderately higher U.S. economic growth rate in the third quarter (Q3).

The Dow Jones Industrial Average increased 42.32 points, or 0.15 percent, to 28,164.00. The S&P 500 rose 13.11 points, or 0.42 percent, to 3,153.63. The Nasdaq Composite Index increased 57.24 points, or 0.66 percent, to 8,705.18.

Ten of the 11 primary S&P 500 sectors traded on an upbeat note, with consumer discretionary rising 0.85 percent shortly after the closing, outperforming the rest.

Shares of Dell Technologies fell 5.40 percent, after the company posted worse-than-expected revenues for the third quarter.

The computer giant also cut its full year revenue guidance.

On the data front, the U.S. gross domestic product (GDP) grew at an annual rate of 2.1 percent in Q3, higher than the first estimate of 1.9 percent, the Commerce Department said on Wednesday.

The reading, higher than the 2.0 percent rate in Q2, was mainly driven by upward revisions to private inventory investment, nonresidential fixed investment, and personal consumption expenditures (PCE).

U.S. initial jobless claims fell sharply last week, pointing to the resilience of the labor market.

The number of people who applied for unemployment benefits dropped by 15,000 to 213,000 in the week ending Nov. 23, the Department of Labor said Wednesday.

New orders for manufactured durable goods in October increased 0.6 percent to 248.7 billion U.S. dollars, the U.S. Census Bureau reported on Wednesday.

This increase, up four of the last five months, followed a 1.4 percent decrease in September, according to the bureau. Enditem

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