U.S. stocks closed higher Wednesday, approaching a record high.

<P> Hearing, according to http://, U.S. stocks closed higher on Wednesday, the main stock index approaching a record high point. .Bear Stearns (Bear Stearns) higher, by Warren Buffett (Buffett) shares expected to promote; GM (General Motors) rose as with the United Auto Workers (UAW) reached a preliminary agreement; Merrill Lynch (Merrill Lynch) lower .Goldman Sachs (Goldman Sachs) had cut the company's performance expectations. .</ P> <P> ad Dow Jones Industrial Average rose 99.50 points to 13878.15 points, or 0.7%; the current record from the July 19 record high of 14,000.41 points close in only a difference of 122.26 points. .The August 16 the Dow fell to 12,845.78 points, its highest close in distance away from 1154.63 points away. .</ P> <P> Standard & Poor's 500 index rose 8.21 points to 1525.42 points, or 0.5%; from the July 19 record close of 1,553.08 points set is only a difference of 27.66 points. .</ P> <P> the Nasdaq composite index rose 15.58 points, to two months high of 2699.03 points, or 0.6%. .</ P> <P> the New York Stock Exchange composite index rose 46.30 points to 9980.12 points, or 0.5%. .</ P> <P> the New York Stock Exchange volume was 1.29 billion shares. .Unit volume rose to 871 million shares, down volume was 4.07 billion shares. .2,165 stocks higher, 1,147 stocks fell. .</ P> <P> Wedbush Morgan Securities managing director of securities trading, said Michael James, GM is clearly a major driver of strong market trends, with the Dow Jones Industrial Average and S & P 500 index approaching record levels, institutional investment managers .Towards the end of the quarter window-dressing book, and hope that holdings of this quarter was the most outstanding part of the company stock. .</ P> <P> General Motors rose $ 3.22, to $ 37.64, or 9.4%, the market value of 18.2 billion U.S. dollars, ranking the New York Stock Exchange, the fourth largest single-day percentage gain in the position. .General Motors and the UAW announced that the two sides involved about 74,000 United Auto Workers in the new national labor contract reached a preliminary agreement, including the commitment of General Motors, UAW health-care obligations to retired members of the historic reform. .</ P> <P> General Motors and the UAW is clearly the outcome of the market renewed hope, hope that this is Ford Motor (Ford Motor) and the UAW reached a labor agreement similar to pave the way. .Ford Motor rose 54 cents to $ 8.88, or 6.5%. .</ P> <P> auto parts makers also rose, Lear rose $ 1.81, to $ 33.26, or 5.8%. .Johnson Controls (Johnson Controls) rose $ 2.57, to $ 116.45, or 2.3%. .</ P> <P> late Bear Stearns rose, rose $ 8.76, to $ 123, or 7.7%. ."New York Times" (New York Times) reported, the investment banking giant is to sell as much as 20% of the shares and the company Buffett and other investors to negotiate outside. .</ P> <P> Merrill Lynch fell 37 cents to $ 71.75, down 0.5%, down 3.1% intraday. .Goldman Sachs, the sharp decline in the third quarter and fiscal 2007 earnings expectations, and said Merrill Lynch seems to face many problems, such as the leveraged loan losses and deteriorating fundamentals, such as mortgages. .</ P>.