US stocks fluctuated before closing slightly higher on Wednesday as investors processed data on global manufacturing, US auto sales and inflation for clues about the Federal Reserve's next interest rate hike.
The Nasdaq eked out a gain to close higher for a sixth straight session. Global manufacturing activity remained stuck in a rut last month with factory output from Asia, Europe and the Americas barely improving, surveys released on Wednesday showed.
But major US stock indexes recovered from declines during the session after a report showed US manufacturing grew for a third straight month in May. Stocks also improved as oil prices pared losses. A fuller picture of the economy will come with Thursday's ADP employment report and Friday's payrolls data.
The Nasdaq eked out a gain to close higher for a sixth straight session. Global manufacturing activity remained stuck in a rut last month with factory output from Asia, Europe and the Americas barely improving, surveys released on Wednesday showed. 
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