Reuters - Stocks rose on Wednesday and the Nasdaq snapped an eight-day losing streak as investors bought up recently beaten-down shares, and a wave of good news boosted shares of airplane manufacturer Boeing Co. .

Reuters - Federal Reserve officials said on Wednesday they wanted to avoid undermining growth by raising interest rates too fast, a clear hint that a half-percentage-point hike was not on the table for June.

Reuters - Rising rents pushed up core consumer prices a steep 0.3 percent for a third straight month in May, according to a government report on Wednesday that cemented expectations of higher interest rates.

Reuters - General Mills Inc. , the No. 2 cereal maker, on Wednesday raised its fiscal 2006 profit outlook due to "modestly above-target operating performance" and a tax gain of 3 cents per share.