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NEW YORK Cubs Koji Uehara Jersey , July 30 (Xinhua) -- U.S. stocks opened higher Wednesday, propelled by a strong rebound of the U.S. gross domestic product (GDP) in the second quarter.

The U.S. economy grew at an annual rate of 4.0 percent in the second quarter after unexpectedly shrinking in the first three months this year, the U.S. Commerce Department said Wednesday. The first quarter real GDP was upwardly revised to shrink 2.1 percent.

The second-quarter GDP was driven by an upswing in consumer spending and private inventory investment, topping analysts' expectations of a 3-percent growth.

"Some of the past quarter's growth performance reflects a catch-up from the dismal first quarter performance. But this stellar growth figure also suggests that the economy has gained some momentum and could hold on to this new found dynamism through the second half of 2014," said the New York-based research group Conference Board.

Meanwhile, the U.S. private sector added more than 200,000 jobs for a fourth straight month in July. Private payroll processor ADP said in a report that private sector employment increased by 218 Wade Davis Jersey ,000 jobs from June to July, which is modestly below market consensus.

Investors are still awaiting the Labor Department's July non-farm payroll report due out Friday.

In Washington, the U.S. Federal Reserve will conclude its two-day policy meeting Wednesday afternoon. The U.S. central bank is widely expected to announce a further tapering of 10 billion U.S. dollars. Analysts will also try to look for clues to the conditions that would warrant the first rate hike.

In corporate news, Twitter shares jumped 23.81 percent to trade at 47.78 dollars apiece Wednesday morning, after the social media company late Tuesday posted better-than-expected revenue and user growth in the second quarter.

Shortly after the opening bell, the Dow Jones Industrial Average went up 58.75 points, or 0.35 percent Munenori Kawasaki Jersey , to 16,970.86. The S&P 500 gained 7.99 points, or 0.41 percent, to 1,977.94. The Nasdaq Composite Index rose 29.05 points, or 0.65 percent, to 4 Hector Rondon Jersey ,471.75.
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