Stocks on Wall Street close higher

NYSE traders Image copyright Reuters

(Close): US stocks closed higher, with shares in Applied Materials jumping more than 13% after its results beat expectations.

The company, which supplies tools used to make semiconductors, also forecast a higher-than-expected third-quarter profit.

The Dow Jones rose 65.54 points to 17,500.94, while the wider S&P 500 index climbed 12.28 points to 2,052.32.

The tech-based Nasdaq index was 57.02 points higher at 4,769.56.