US stocks finished with gains on Thursday as a rally in financial stocks lifted sentiment.

The Dow Jones Industrial Average climbed 37.11 points or 0.39% to finish at 9,580.63. The S&P 500 added 2.86 points or 0.28% to end at 1,028. The Nasdaq Composite gained 3.30 points or 0.16% to 2,027.73.

The Commerce Department said Thursday, that real gross domestic product fell at a 1% annualized rate in the second quarter, after plunging 6.4% in the previous quarter. Economists expected a decline of 1.5%.

A release by Department of Labor on Thursday showed number of Americans filing first- time claims for unemployment benefits fell 10,000 to 570,00 in the week ending August 22. Economists expected jobless claims to drop to 565,000. The four-week average of seasonally adjusted initial jobless claims, a less volatile gauge, decreased 4,750 to 566,250.  Continuing claims for the week ending August 15 dropped 119,000 to 6.13 million.

Shares of airplane maker Boeing (NYSE: BA) soared $4 or 8.36% to $51.82. The company announced on Thursday that its long-delayed 787 aircraft will be ready for its first flight by the end of this year.

Among financials, shares of credit card lender American Express jumped 82 cents or 2.47% to $33.96.CIT group rallied 29 cents or 22.83% to $1.56. Shares of AIG (NYSE: AIG) surged $10.15 or 26.93%  following a report that its new chief executive, Robert H. Benmosche, had sought a reconciliation with former CEO Maurice R. Greenberg.

Shares of Dell (NASDAQ: DELL) climbed 98 cents or 6.71% to $15.65. The second largest pc maker on Thursday ,reported net income of $472 million, or 24 cents a share, for the quarter ended July 31, a 23 percent decline from the $616 million in net income, or 31 cents a share, reported in the same quarter last year. Excluding costs associated with its ongoing restructuring, Dell reported earnings of 28 cents per share. Revenue declined 22 percent, to $12.8 billion, from $16.4 billion a year ago.

Early on Thursday, Toll Brothers Inc. (NYSE: TOL) said that its fiscal third quarter net loss widened to $472.3 million, or $2.93 a share in the three months ended July 31.