Stocks Keep Rally Going

By Kevin Spak,  Newser Staff
Posted Mar 26, 2009 8:48 AM CDT
Sam Farhood, left, of LaBranche & Co. directs trading in shares of Schering-Plough on the floor of the New York Stock Exchange, Monday, March 9, 2009 in New York.   (AP Photo/Henny Ray Abrams)
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(Newser) – Stocks headed higher at the open, as bulls bet that this rally will last. The Dow rose 95 points, powered by a 10% gain for GM, while the S&P and Nasdaq added 1.5% and 2%, respectively. That came despite some negative economic news: Initial jobless claims rose 8,000 last week, and fourth-quarter GDP loss was revised to 6.3%, a pinch worse than the previous reading of 6.2%.