Stocks Rise on Solid GDP Data

Third-quarter economic growth was revised up to 2.2%, stronger than expected. Also in focus: new home sales and the Fed's Beige Book

Stocks were trading higher early Wednesday afternoon, following a report showing stronger-than-expected economic growth. Major indexes slipped from session highs as oil prices surged. Investors were also awaiting the Federal Reserve's Beige Book report, a day after Fed Chairman Ben Bernanke warned that inflation remains "uncomfortably high."

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