Dow Ends Up 82 at 11,317, Nasdaq Ends Up 9 at 2,303 on Patent Settlement by Bristol-Myers Squibb (Money Sense)
Dow Ends Up 82 at 11,317, Nasdaq Ends Up 9 at 2,303 on Patent Settlement by Bristol-Myers Squibb (Money Sense)
Stocks rose Wednesday on upbeat news from big companies: 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 Jones industrial average to a new five-year high.