Economic growth for the Q2 2013 was adjusted upwards from 1.7% to 2.5%. The change was due to a surge in exports. This may give impetus for the Federal Reserve to begin to unwind its major economic stimulus program.
At noon, EDT the Dow was up 69.90 points. The Syrian crisis has been causing concern on Wall Street, but crude oil is down -.90. The White House is planning to brief Congress on the Syrian crisis.
"There's a lot of uncertainty as Western powers have taken a step back, so the market is encouraged of some stepping back from the brink," said Peter Jankovskis, co-chief investment officer at OakBrook Investments in Lisle, Ill.
The Wall Street Journal reports that Verizon may close its deal to purchase the US operations of Vodafone this week. The deal may be worth $130 billion. Verizon is up $1.53 and Vodafone is up $15.45 or 8.2% at noon.