The Dow Jones Industrial Average jumped 221.11 points, or 1.30 percent, to 17,195.42. The S&P 500 added 12.35 points, or 0.62 percent, to 1,994.65. The Nasdaq Composite Index gained 16.91 points Scarpe Uomo Air Max 270 Bianche Arancione Italia , or 0.37 percent, to 4,566.14.
The U.S. real gross domestic product (GDP) increased at an annual rate of 3.5 percent in the third quarter, according to the advance estimate released by the U.S. Commerce Department Thursday, beating analyst estimates of 3 percent.
The upbeat data came one day after the Federal Reserve decided to end the third round of quantitative easing (QE), as it sees the economy is improving on track from the worst financial crisis in decades.
Fed officials are likely to feel "vindicated" about their decision not to back down from their hawkish stance in Wednesday's statement, said Christopher Low Scarpe Donna Air Max 270 Triple Bianche Italia , chief economist at FTN Financial, in a research note Thursday.
With the conclusion of QE, investors' attention now shifts to the timing of the Fed's first rate hike.
Other data showed the number of Americans who initially applied for jobless benefits in the week ending Oct. 25 inched up 3,000 to 287,000, the U.S. Labor Department reported Thursday. The latest figure remained at historically low levels, indicating continued improvement of the labor market.
Encouraging corporate earnings also provided some upward jolts to the market Scarpe Uomo Air Max 270 Bianche Volt Italia , lifting the three major indices to positive territory by the closing bell from a mixed opening.
Visa shares jumped 10.24 percent to close at 236.65 dollars apiece, the top gainer among Dow components, as the world's largest credit and debit card company posted stronger-than- expected third-quarter results late Wednesday and announced a new 5-billion dollar share repurchase program.
MasterCard said early Thursday that its third-quarter net income grew 15 percent from