Wall St gains on strong GDP data; oil eases

Wall Street inched higher on Friday after data showed that a slowdown in U.S. economic growth was not as bad as expected, but gains were capped as oil prices came off sessions highs. Gross domestic product increased at a 1 percent annual rate instead of the previously reported 0.7 percent pace. U.S. crude prices, a major stock market driver this year, rose nearly 5 percent but pared some of those gains and were up about 2 percent at 11:11 a.m. ET.