Stocks moved up strongly in early morning trading with the Dow up over 200 points, partially in response to China quelling fears that it was going to sell it's holdings in European bonds. Bonds are down in price, up in yield/rate.  The economic news today was mostly in line with expectations with Initial Jobless Claims for the week ended 5/22 down to 460,000.  This was higher than the 455,000 expected but the prior week's claims were revised upward by 3,000, so overall the decline almost matched expectations.  Continuing Claims for the week ended 5/15 were 4.607 million which was higher than the 4.60 million projected but which were a larger drop than expected given that the prior week was revised up from 4.625 million to 4.656 million.  The 2nd estimate for 1st Qtr 2010 GDP came in at 3.0% vs the initial estimate of 3.2% growth.  The market had been expected GDP to be revised to growth of 3.3%.