NEW YORK (TheStreet) -- U.S. stock futures were moving higher Friday as the U.S. economy expanded at its fastest pace since late 2011 as consumers pushed up spending, a key driver of U.S. growth.
The Commerce Department reported that third-quarter 2013 gross domestic product grew 4.1% year-over-year, a bump higher from a previous reading of 3.6%, and as personal consumption increased 2%.
S&P 500 futures were up 4 points, or 3.7 points above fair value, to 1,806. Dow Jones Industrial Average futures were adding 23 points, or 30.92 points above fair value, to 16,138. Nasdaq futures were rising 8 points, or 9.32 points above fair value, to 3,500.8.
Major indices were poised for weekly gains as increasing confidence in underlying economic strength was punctuated by the Fed's plan of $10 billion tapering of economic stimulus starting in January.
Friday is quadruple-witching day and could see a session of increased trading volume.
Must Read: U.S. Stocks Stay High on Fed Taper Boost
U.S. stocks closed little changed Thursday after mixed economic reports did little to shake investor confidence. Stocks held steady after equity markets surged to record-highs on the tapering announcement.
BlackBerry BBRY was popping 2.72% to $6.41 after announcing a third-quarter loss of $4.4 billion and a five-year strategic partnership with Foxconn. CEO John Chen said the partnership "allows BlackBerry to focus on what we do best -- iconic design, world-class security, software development and enterprise mobility management."
Walgreen WAG was stumbling 2.13% to $55.73 after reporting a revenue miss and in-line quarterly earnings per share. Gross profit margin declined 1.3 percentage points.
-- Written by Andrea Tse in New York.
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