Strong reports from GM, Delta lift US stocks

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(iStock)
(iStock)

New York - Wall Street stocks rose early on Wednesday following a bullish December auto sales report from General Motors and a solid performance report from Delta that lifted airlines.

GM surged 4.3% after reporting that its December sales rose 10% from the year-ago level as it projected the closely-watched, seasonally-adjusted cars sales rate of 18.2 million vehicles, well above expectations.

Delta Air Lines shares gained 1.9% as it met or exceeded expectations for several key benchmarks in December. Revenues dipped 2.5 to 3.0%, a smaller decline than the three to five percent drop previously projected.

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