US stocks turned higher on Tuesday as a rebound in the semiconductor sector pushed the Nasdaq 100 Index past a key technical resistance level. Comments from Exxon Mobil Corp's chief executive boosted oil companies' shares.
And General Motors Corp's stock climbed nearly 5 percent on hopes the company is close to a deal with the United Auto Workers union and its former auto parts subsidiary, Delphi Corp, on an offer of early retirement to factory workers.
The Dow Jones industrial average was up 45.30 points, or 0.40 percent, at 11,319.83. The Standard & Poor's 500 Index was up 3.92 points, or 0.30 percent, at 1,309.00. The Nasdaq Composite Index was up 16.67 points, or 0.72 percent, at 2,330.78.
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