U.S. stocks climbed at three weeks high supported by faster than estimated Economic Growth

Increase in exports aided the economy to inflate faster than anticipated in the second quarter which resulted three weeks high climb in US stocks headed by manufacturers and financial companies.

Commerce Department said gross domestic product increased at a 3.3 percent annual rate, after which American International Group Inc., Caterpillar Inc. and AT&T Inc. went up more than 3 percent each and helped direct gains in nine of ten industry groups in the Standard & Poor’s 500 Index.

On higher than estimated profits world’s second-largest luxury jewelry retailer Tiffany & Co hopped the most in three years. Since oil prices fell more than $2 a barrel after three days of gains energy shares removed an early proceed, while consumer companies recovered.

Topping the biggest three-day progress in a month S&P 500 gained 19.02 points, or 1.5 percent, to 1,300.68.

The leading U.S. mortgage-finance company Fannie Mae added 23 percent to $7.95, cutting down its 2008 fall to 80 percent.