Market Snapshot: Dow up over 200 points, helped by financial stocks after banks pass stress tests and upward U.S. GDP revision

United States

U.S. stock indexes were trading higher on Thursday after revisions to first-quarter GDP data showed the U.S. economy grew at a much faster pace than previously expected, while the weekly jobless benefits claims data indicated the labor market remains fairly robust.

What’s happening

On Wednesday, the Dow Jones Industrial Average fell 74 points, or 0.22%, to 33,853, the S&P 500 declined 2 points, or 0.04%, to 4,377, and the Nasdaq Composite gained 36 points, or 0.27%, to 13,592.

What’s driving markets

U.S….