New Delhi, Jan. 22 -- Major US stock indices gained on Thursday on cooling geopolitical tensions after President Donald Trump backed off from tariffs threat on European nations over Greenland acquisition.

The market sentiments were also boosted by latest US economy data for third quarter. The inflation-adjusted gross domestic product (GDP) rose at a revised 4.4% annualized rate, the fastest in two years.

Official data showed US initial jobless claims steadied at 200,000 last week after a volatile holiday season.

At 10:14 a.m. ET, the Dow Jones Industrial Average rose 241 points, or 0.49%, to 49,318.83, the S&P 500 gained 22.15 points, or 0.32%, to 6,897.77 and the Nasdaq Composite gained 124.51 points, or 0.54%, to 23,349.3.

At the op...