Dow opens with triple-digit gain after U.S. grows nearly 3% last year
Stocks were slightly higher Thursday after an update of fourth-quarter gross domestic product showed the U.S. economy had expanded at a 2.9% pace for the full year of 2018. The S&P 500 was up 0.3% to around 2,813. The Dow Jones Industrial Average picked up 108 points, or 0.4%, to 25,725. The Nasdaq Composite rose 0.2% to 7,659. U.S. gross domestic product grew 2.2% in the last three months of 2018, down from a previous estimate of 2.6%. Still, that left the economy expanding at a 2.9% rate in 2018, the strongest since 2015. In company news, Lyft Inc. is set to price later on Thursday, ahead of the ride-hailing firm's planned initial public offering on Friday.