AlQa'dah 22, 1435, September 17, 2014, SPA -- U.S. stocks closed higher Tuesday, as oil and other commodities surged on a report that China's central bank would increase stimulus and on the view that the Federal Reserve (Fed) would not rush to hike rates. In U.S. economic news, data showed producer prices held flat in August, illustrating little-to-no inflation pressure that could otherwise push the Fed to hike rates sooner instead of later. In international economic news, Bloomberg reported that the People's Bank of China would begin a 500 billion yuan standing lending-facility to the country's five largest banks. The dollar declined against the currencies of major U.S. trading partners. Light sweet crude oil for October delivery rose $1.96 to $94.88 a barrel on the New York Mercantile Exchange. Gold futures increased $1.60 at $1,236.70 an ounce. The Dow Jones industrial average gained 100.83, or 0.6 percent, at 17,131.97. The broader Standard & Poor's 500 index added 14.85, or 0.8 percent, to 1,998.98. The technology-heavy Nasdaq composite index advanced 33.86, or 0.8 percent, to 4,552.76.