Wall Street buoyed by upbeat manufacturing data

U.S. stock indices rose on Tuesday on the back of strong manufacturing data, while crude prices gained ground today, underpinning stocks further.
 
Crude prices rose today as global oil producers stick to their deal with OPEC to cut production, which buoyed prices, in turn helping energy and oil shares on Wall Street.
 
On the other hand, earlier U.S. manufacturing data bested expectations handily in December, buoying industrial stocks.
 
investors on Wall Street are still digesting the Federal Reserve's rate hike, and to calculate its impact on markets in  the coming months.
 
Standard and Poor's 500 rose 0.92%, or 24.04 points to 2,262.87, while Dow Jones climbed 0.82%, or 161.89 points to 19,924.49.
 
Tech-heavy NASDAQ surged 1.18%, or 63.46 points to 5,446.57.