Wall Street rallies on tech gains and GDP data

The S&P 500 saw its biggest gain in more than a month on Thursday, supported by technology stocks and strong GDP data.

The index finished the day 1.1% up at 1,794 as technology giants Facebook and Google rallied. Facebook's shares soared 14% to $61.08, after the social medial group beat analysts' expectations, posting its strongest revenue growth in two years. Google was also up 2.6% to $11.35, a day after Lenovo Group committed to buying its Motorola handset division for $2.91bn. The tech giant's shares extended gains by a further 4.6% after the closing bell, after the firm reported its own set of forecast-beating quarterly revenue figures. Meanwhile, economic growth data helped lift sentiment ...