US stocks rose on Wednesday, with the S&P 500 rising 1.1 percent to cap its best three-day rally in two months.
The higher stock prices were supported by economic reports on Wednesday.
The Federal Reserve's latest Beige Book released on Wednesday reported that the US economy continued to expand recently.
Other US economic data on Wednesday supported that view. Factory production rose 0.5 percent in March, helping to push total industrial production up 0.7 percent. Housing starts rose 2.8 percent in March but building permits fell 2.4 percent.
Earlier on Wednesday, China reported that its economy grew 7.4 percent in the first quarter from the previous year, down from 7.7 percent in the fourth quarter.
However, March data showed that industrial production rose 8.8 percent year-on-year, up from a combined January-February increase of 8.6 percent, while retail sales rose 12.2 percent last month, up from a 11.8 percent increase in January-February.
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