Stocks Up Despite GM Filing

Stocks shot higher at the open this morning, as rising oil prices and strong manufacturing data from China outweighed news of GM's bankruptcy. The Dow rose 102 points; as of next Monday, the index will no longer include GM and Citigroup. The Nasdaq and S&P were each up 1.3%. Oil rose more than $2 to $68, driven in part by China’s announcement that industrial activity would increase for the third straight month. (More stock market stories.)