The rate of growth reported by the government early Tuesday was even faster than first estimated. The expansion gave the U.S. its strongest six months of growth in more than a decade.
The Standard & Poor's 500 index rose three points, or 0.2 per cent, to 2,072 as of 9:35 a.m. Eastern time Tuesday.
The Dow Jones industrial average rose 26 points, or 0.2 per cent, to 17,845. The Nasdaq composite rose 12 points, or 0.3 per cent, to 4,767.
Pall, a supplier of filtration technology, jumped 3 per cent after its earnings beat analysts' estimates.
Bond prices rose slightly. The yield on the 10-year Treasury note fell to 2.30 per cent.