U.S. Stocks Open Higher; General Motors Rallies After Results

U.S. stocks opened higher on Wednesday as deal news and an expected market debut of Ferrari lifted sentiment. Investors continued to take in a barrage of earnings reports, including results from General Motors , Boeing Co and Coca-Cola . The S&P 500 opened 7 points, or 0.3%, higher at 2,037. The Dow Jones Industrial Average rose 50 points, or 0.3%, to 17,275. The Nasdaq Composite began the day up 21 points, or 0.4%, at 4,902.

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