Stocks Recover Yesterday's Losses

After yesterday's setback, stocks coursed around with gains in the teens for the Dow today until achieving a moderate gain with a late surge.  The news that the economy actually lost 1% in the first quarter was pretty much a non-event and was priced into the market.  A better than expected number of initial unemployment claims bolstered stocks slightly.  The Dow 65 closed up 65 points and the S & P 500 closed at a new high.