Wall Street up on U.S. data; global stocks dip as uncertainty remains

By Dion Rabouin NEW YORK (Reuters) - U.S. stocks reversed early losses to close higher on Wednesday, but bourses in most parts of the world fell on fears of instability in the European Union and global economic stagnation, while Britain's pound sank below $1.30 for the first time in more than three decades. Wall Street turned higher, notching modest gains on positive U.S. economic data and a late jump in oil prices. The Dow Jones industrial average rose 78 points, or 0.44 percent, to 17,918.62,