TheDow Jones Industrial Averagesoared 199. 89, or 2.05%, to 9,962.89, while theS&P 500added 23.48, or 2.25% to 1,066.11. TheNasdaqrose 37.94, or 1.84%, to 2,097.55.
The Commerce Department reported the economy grew at an annual rate of 3.5% for the quarter, ending four consecutive quarters of declines.