Wall Street closes higher as earnings reports calm investor fears

 US stocks closed higher on Wednesday, as reports of companies posting profits in the third quarter calmed investor fears despite supply chain problems and rising costs.

The Standard & Poor's 500 index rose by 17.14 points, or 0.38 percent, to close at 4536.77 points.

The Dow Jones Industrial Average closed up 157.95 points, or 0.45 percent, to 35,615.26 points.

As for the Nasdaq Composite Index, it was outside the group of winners, as it fell 6.25 points, equivalent to 0.05 percent, to close trading, recording 15,121.68 points.