Wall Street ends up, but hits resistance

US stocks closed higher but ran into a technical resistance level that is likely to limit a further rise in the near-term.

 The Dow Jones industrial average was up 45.14 points, or 0.36 percent, at 12,605.32. The Standard & Poor's 500 Index  was up 2.90 points, or 0.22 percent, at 1,343.58. The Nasdaq Composite Index was up 8.31 points, or 0.30 percent, at 2,823.31.

European shares rose, led by commodity stocks after the initial public offering of Glencore helped sentiment in the sector, but ongoing worries about Greek debt could make trading volatile.

The pan-European FTSEurofirst 300 index of top shares was up 0.4 percent at 1,134.90 points after gaining 0.4 percent in the previous session as investors bought into commodity and technology stocks.

Commodity trader Glencore opened at 548 pence, more than 3 percent above the debut price of 530 pence in grey market trading, helping to boost commodities.

Traders said the Glencore IPO was a success because the backdrop for commodities was still positive, despite the recent sell-off, and long-term demand remained for China.

Also improving investor sentiment was news that the Federal Open Monetary Committee minutes did not indicate the Fed was ready to start policy tightening any time soon, a move which could boost appetite for risky stocks.