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S&P 500 ends at 7-week high on Thursday, stocks jump after U.S. economy posts 4th quarter growth

S&P 500 ends at 7-week high on Thursday, stocks jump after U.S. economy posts 4th quarter growth

Major U.S. stock indexes closed higher Thursday, with the S&P 500 ending at 7-week highs after the official scorecard of the American economy showed a strong 2.9% annual rate of growth for the fourth quarter of 2022. The Dow Jones Industrial Average rose about 204 points, or 0.6%, ending near 33,948, close to the session's high. But the day's bigger gains came from the S&P 500 index and the Nasdaq Composite Index , which gained 1.1% and 1.8%, respectively. The S&P 500 ended at its highest close