The Dow added 200 points, while the S&P 500 and Nasdaq 100 were up 1.1% and 1.7%, respectively, after US fourth-quarter gross domestic product growth beat estimates while corporate earnings turned mixed. The American economy advanced 2.9% in Q4 of 2022, while analysts expected a 2.6% growth, raising hopes that a soft landing for the economy is possible despite the Federal Reserve's aggressive monetary tightening. Meanwhile, durable goods orders also exceeded expectations, while initial unemployment claims unexpectedly fell to nine-month lows. On the earnings front, tesla soared almost 11% after posting solid revenue and earnings and raised the forecasts for 2023. Among losers, IBM fell 4.5% on its announcement that it would cut jobs due to falling short of its annual cash target despite a revenue beat. Southwest Airlines slid 3.1% on warning of losses for the current quarter. Visa and Intel are due to post results after the bell.