.3% IS A BOOKKEEPING ERROR:

Stocks open sharply higher after GDP report (Martin Zimmerman, October 30, 2008, LA Times)

Stocks jumped on Wall Street today as a government report showed the U.S. economy contracted less than expected in the third quarter and overseas markets rallied on hopes that coordinated efforts are beginning to stem the global credit crisis. [...]

Investors appeared to shrug off the government's report that the U.S. economy shrank by a less-than-expected 0.3% in the third quarter. Economists had expected the nation's gross domestic product to contract by 0.5% as consumers reined in spending.