Dow Jones Industrial Average Closes Higher: Home Depot Inc (HD) Jumps 1%; Synchronoss Technologies Inc (SNCR) Soars 15%

U.S. stocks closed higher Wednesday after the Federal Reserve's Beige Book said economic activity expanded at a "modest to moderate" pace over the past few months, signaling the economy will rebound in the spring following a sluggish first quarter. Wednesday's gains were led by the industrial and consumer goods and services sectors, while declines were driven by losses in the utilities sector.