us stocks closed higher on monday despite chinas disappointing economic data raising concerns about a slowdown in global growth the dow jones industrial average djia gained around 143 points or 04 to close near 33912 the sp 500 spx rose 17 points or 04 to finish at around 4297 the nasdaq composite comp advanced 80 points or 06 to end at about 13128 data released monday showed the chinese economy slowed in july across the board while the countrys central bank unexpectedly cut two key policy rates to boost the economy us stocks rallied last week on coolerthanexpected inflation readings as the sp 500 completed a fourweek winning streak on friday and the nasdaq composite sits near an almost fourmonth high