NEW YORK (TheStreet) -- Stocks traded decidedly higher Friday afternoon with investors sifting for bargains following a less disappointing than expected downward revision to second-quarter gross domestic product and suitably somber comments from Federal Reserve Chairman Ben Bernanke about the nation's economic outlook.
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Also adding to the market's calculus, 3Par(PAR) accepted Dell's(DELL) offer to acquire the data storage company for $1.8 billion, or $27 a share, matching Hewlett-Packard's(HPQ) sweetened bid on Thursday. But HP raised its offer yet again Friday morning to $30 a share. 3Par's stock was soaring 24.4% to $32.39 and Dell's stock was ahead by 2.6% to $12.06. Shares of Hewlett-Packard were trading 1.4% lower to $37.67.
The Dow Jones Industrial Average, which had reached triple-digit gains earlier, was gaining 95 points, or 1% to 10,081 most recently. The S&P 500 was adding 9 points, or 0.9% to 1056 and the Nasdaq was ahead by 16 points, or 0.8% at 2135.
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