NEW YORK (AFP) - Wall Street stocks surged to records on Wednesday (July 3) in a holiday-shortened session as a plethora of mixed US economic data appeared to boost the odds of a Federal Reserve interest rate cut.

All three major indices shot to records, with the Dow Jones Industrial Average up 0.7 per cent at 26,961.52 at the closing bell.

The S&P 500 gained 0.8 per cent to 2,995.53, while the tech-rich Nasdaq Composite Index advanced 0.8 per cent to 8,170.23.

Markets closed early in anticipation of Thursday's Independence Day holiday and will reopen on Friday.