General Motors Leads Dow Higher After Contract Agreement Is Reached
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NEW YORK, Sept. 26 -- Stocks rose soundly Wednesday after word that some of the problems dogging big companies like General Motors and Bear Stearns were beginning to be sorted out.
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Nissan Motor Co. and Toyota Motor Corp. stocks rose as Asian automakers grabbed a record share of the US auto market last month, the world&#39;s largest, after gaining on General Motors Corp.
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U.S. stocks rose on Wednesday as Home Depot Inc.'s  plan for a $22.5 billion share buyback underscored optimism about equity valuations, along with the growing allure of large-cap stocks, including General Electric Co. .
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General Motors Corp. GM.N on Friday  said its U.S. sales soared 20.5 percent in September as  month-end incentives from the world's largest automaker lured  consumers back to dealerships after three months of weaker  results.
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Stocks opened higher on Wednesday after General Motors Corp  reached a deal ending a strike and a report on durable goods orders added to expectations the Federal Reserve would cut interest rates again to spur growth.
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Stocks extended gains on Thursday, pushing the Dow industrials up more than 1 percent, with support from a brokerage upgrade of General Motors Corp.  and McDonald's Corp.'s  dividend increase.
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Stock futures rose on Wednesday as news of a tentative deal ending a strike at General Motors Corp  raised hopes that Detroit's automakers would soon slash their health-care costs.
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U.S. blue chips advanced on Friday on optimism about positive brokerage comments on General Motors Corp.  and the first-ever hedge fund IPO, while crude oil near $60 a barrel kept a lid on the broad market.
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General Electric Co.  reported a 9.6 percent rise in quarterly earnings Friday, in line with Wall Street expectations, on strong demand for jet engines, gas turbines and other heavy equipment, sending its shares to a five-year high.
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General Motors Corp. GM.N on Thursday  led a late-day rally in auto stocks, one day after the world's  largest automaker posted dismal U.S. sales results for August  and cut vehicle production.
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Negotiators from General Motors Corp   and the United Auto Workers union made progress toward a  new contract before taking a break late Saturday, people  familiar with the talks said.
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Negotiators from General Motors Corp and the United Auto Workers union made progress toward a new contract before taking a break late Saturday, people familiar with the talks said.
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Stocks rose on Thursday after a Wall Street Journal report that Bank of America  is in talks to buy mortgage lender Countrywide Financial Corp  sent financial stocks higher.
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Stock futures indicated a strong market  open on Monday, extending the previous week&#39;s gains, with  General Motors  in focus as the struggling automaker  faces the prospect of its first strike in almost a decade.
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Stock futures pointed to a rise on Wall  Street on Wednesday, buoyed by General Motors Corp.&#39;s   deal with the United Auto Workers, as well as expectations of  more Federal Reserve rate cuts.
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Stocks rose on Friday, with deal news and positive broker comments on companies such as Dow component General Motors Corp.  lending support.
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Stocks rose on Wednesday as a labor agreement at General Motors Corp  promised to lower costs for Detroit's automakers, while a report that Bear Stearns may sell a stake to outside investors boosted brokerage stocks.