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Wall Street gained on Thursday, led by financial shares, after data showed US economic growth was stronger than previously reported last quarter, helped by robust consumer spending, and the tech-heavy Nasdaq set a record closing high.
The energy sector rose for a third straight day, supported by stronger oil prices and a 8.8-percent gain for ConocoPhillips , the biggest percentage riser on the S&P 500 after it agreed to sell oil and gas assets.
The S&P 500 gained for a third straight day, rebounding after its worst week of the year last week.
U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending provided a boost, the Commerce Department said. Gross domestic product increased at a 2.1 percent annualised rate instead of the previously-reported 1.9 percent pace.