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US stocks delivered modest gains on Thursday, with financial shares in the driver's seat, bitcoin vaulting above $112,000, and a surprise GDP revision stirring up fresh optimism.

What does this mean?

Markets brushed off real estate's lag as financial stocks pulled the major indexes higher. The real star was a sharp GDP upgrade to 3.3% growth for the last quarter, easily topping expectations and shifting the tone after earlier economic worries. Bitcoin stretched its rally, hitting $112,516 for a 1.1% gain, and a slight drop in 10-year Treasury yields to 4.21% suggested steady demand for government debt. Weekly jobless claims slid to 229,000, below forecasts, signaling the labor market remains tight. Corporate news added fuel: Gryphon Digital Mining's tie-up with American bitcoin and expected Nasdaq listing sent both stocks higher -- especially helping stakeholder Hut 8 -- while Canadian Imperial Bank of Commerce's solid results and buyback plans powered its shares up. Meanwhile, Dominari's announcement of a possible $2 billion share sale dragged its shares lower.

Stronger economic data and headline-grabbing deals are giving bulls fresh momentum. Financial stocks are in focus as growth prospects brighten, while mergers -- like Gryphon and American bitcoin's -- are lifting related crypto shares. Still, real estate's ongoing struggles and shakeups like Dominari's share plans point to pockets of risk beneath the rally.

The bigger picture: Signals of resilience in a shifting landscape.

Better-than-expected GDP and jobs reports are underscoring the US economy's staying power, even as interest rates remain a hurdle. Falling Treasury yields alongside a bitcoin run suggest investors are juggling safety with return potential. Big capital moves, whether buybacks or share sales, reveal how banks and fintechs are preparing for growth or shielding against uncertainty as global trends evolve.