U.S. markets turned higher Monday after the Commerce Department said the gross domestic product rose 3.5 percent in the third quarter.
It was the first rise in the nation’s economic output since the second quarter of 2008 and better than expected. The consensus forecast called for a rise of 3.2 percent.
In late morning trading, markets turned higher after losses in three of the past four trading sessions. The Dow Jones industrial average gained 0.65 percent, 58.31 points, to 9,821.10. The Standard & Poor’s 500 added 0.75 percent, 7.84, to 1,050.47. The Nasdaq composite index rose 0.71 percent, 13.30, to 2,072.91.
The benchmark 10-year Treasury fell 12/32 to yield 3.458 percent.
The euro rose to $1.4783 from Wednesday’s $1.4717. Against the yen, the dollar rose to 91.21 yen from Wednesday’s 90.79 yen.
In Tokyo, the Nikkei 225 index fell 1.83 percent, 183.95, to 9,891.10…
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