The market leapt on a report that GDP grew at an annual rate of 5.6 per cent in the fourth quarter, well above the 4.5 per cent analysts expected, while inflation stayed low.
STOCKS rose after a strong fourth-quarter economic report spurred investor confidence in corporate profits. The Dow climbed 77.5 to 9,358.83, led by IBM and Hewlett-Packard. The S&P 500 rose 13.87 to 1,279.32. The Nasdaq gained 27.34 to 2504.94, breaking through 2,500.