Stocks were up on Wall Street Tuesday on reports that retailers Office Depot and OfficeMax are discussing a merger came after big corporate deals for Heinz and Dell were announced in recent weeks. Stocks of office supplies stores jumped following the news.
Stocks rose Wednesday after a German court cleared the way for that country to participate in a European rescue fund. The ruling helped push Germany's main stock index, the DAX, to its highest level since July of last year.
Strong performances from a handful of companies including Barbie maker Mattel, and Coca-Cola pushed the Dow Jones average up for only the third day this month. The closely-watched index closed up 78 points to land at 12,805.