An upward revision of the nation’s gross domestic product lifted the markets to a higher open with the Dow climbing 69 points to 17,015. Nasdaq gained 19 points to 4,486.

On the upside

Pimco (NYSE: PHK) founder Bill Gross quits to join Janus Capital Group (NYSE: JNS) to manage the newly created Janus Global Unconstrained Bond Fund.

Nike (NYSE: NKE) reported higher first quarter earnings and revenue that surpassed analyst expectations.

Digital Ally (Nasdaq: DGLY) received an order from the U.S. military police for its FirstVU HD body-worn camera, DVM-800 in-car camera and patented VuLink for hands-free recording activation.

On the downside

AcelRx Pharmaceuticals (Nasdaq: ACRX) will resubmit its New Drug Application for Zalviso in the first quarter of 2015.

Finish Line (Nasdaq: FINL) disappointed with lower second quarter earnings that fell short of analyst expectations.

Profit taking weighed down shares of Cyber-Ark Software (Nasdaq: CYBR).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 rose 6 points to 1972. Bitcoin fell $13 to $393.