The Dow Jones Industrials increased 36.92 points to kick off Wednesday at 35,453.90.
The S&P 500 gathered 14.79 points to 4,569.60.
The NASDAQ hiked 55.45 points to 14,337.21.
General Motors shares popped 10.4% after the company announced a $10 billion buyback and raised its dividend. Phillips 66’s stock jumped 3.6% after Elliott Investment Management took a $1-billion stake in the energy company.
Data released Wednesday showed gross domestic product data for the third quarter grew at a stronger-than-expected pace, accelerating at a 5.2% annualized pace. The boost came primarily from revisions to government spending and investments in nonresidential structures.
Prices for the 10-year Treasury jumped, lowering yields to 4.28% from Tuesday’s 4.33%. Treasury prices and yields move in opposite directions.
Oil prices let go of 44 cents to $75.97 U.S. a barrel.
Gold prices brightened $2.20 to $2,042.20.