NEW YORK (AP) — Stocks moved higher Thursday as investors cheered strong earnings from Facebook and an encouraging report that the U.S. economy grew at a robust annual rate of 3.2 percent in the fourth quarter.

KEEPING SCORE: The Dow Jones industrial average rose 132 points, or 0.8 percent, to 15,870 as of 3:15 p.m. Eastern. The Standard & Poor’s 500 index rose 23 points, or 1.3 percent, to 1,797, with all ten sectors of the index higher. The Nasdaq composite jumped 81 points, or 2 percent, to 4,133.