Wall Street rises despite weak GDP read

The Dow Jones Industrial Average advanced for the first time this week, as investors shrugged off the sharpest US economic contraction since 2009.

The Dow Jones Industrial Average advanced for the first time this week, as investors shrugged off the sharpest US economic contraction since 2009.

The Dow added 49.38 points, or 0.3%, to close at 16867.51, near the session's highs. The S&P 500 climbed 9.55 points, or 0.5%, to 1959.53, while the Nasdaq Composite Index rose 29.40 points, or 0.7%, to 4379.76.

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