Summary
NEW YORK Stocks rose Wednesday on upbeat news involving a patent settlement by Bristol-Myers Squibb, strong earnings from Morgan Stanley, and a cost-cutting deal between General Motors Corp., Delphi Corp. and the United Auto Workers. The gains were enough to push the Dow to a five-year high.
With scant economic data available, the market was driven by news from large-cap stocks.See the full content of this document
Extract
Large-Cap News Propels Stocks
Buying was strong. Adv...
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