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(Close): The S&P 500 made another record close, despite mixed economic data on Wednesday.

Earlier, a drop in private-sector job creation sent stocks negative, and official figures showed a rise in the April trade deficit to a two year high.

Later, brighter news came in the form of a service sector survey showing higher activity in May.

The Dow Jones rose 15.19 to 16,737.53, while the S&P 500 gained 3.64 points to 1,927.88.

The tech-heavy Nasdaq index rose 17.56 to 4,251.64, helped along by a 1.1% rise in Apple, its biggest constituent.

The US Federal Reserve's "Beige Book" gave an overall upbeat picture of the US economy.

General Motors rose 3.6% on reports the company will hold a news conference on Thursday to give more details about its latest ignition-switch recall.

There was a huge gain for Protective Life on news Japan's Dai-ichi Life is buying it for $5.7bn.

Its shares jumped 18%.

And drugstore chain Walgreens rose 4.2% on a sales report showing a rise of 6% in May.