Stock Rise on GM, Earnings News

The Dow reached a six-year closing high after Merril Lynch upgraded its rating on the giant automaker. Boeing, Colgate-Palmolive and PepsiCo posted higher profits

Stocks finished higher Wednesday, supported by solid corporate earnings and an analyst upgrade of General Motors (GM). Investors shrugged off the Federal Reserve's Beige Book report, after weathering inflation fears fanned by surges in March durable goods orders and new home sales, says Standard & Poor's Equity Research.

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