"Stocks move higher after 2 days of losses
"NEW YORK – Investors aren't letting a bad gross domestic product reading get to them.
"Stocks surged Wednesday, lifting the more than 100 points, even after the government said the economy as measured by the GDP contracted at at an annual rate of 6.1 percent during the first three months of the year. That was a much steeper drop than the 5 percent forecast by economists polled by Thomson Reuters.
"Though the report shows the recession has yet to loosen its grip on the country, investors are not losing hope."