US stocks gain despite oil and GM news

Wall Street extended its November rally with modest gains today despite pressure from rising oil prices and a major restructuring plan at General Motors Corp.

A raft of acquisition news carried some stocks higher, but volume was light and was expected to remain so ahead of Thanksgiving. There was also a muted reaction to a Conference Board report that the top economic indicators rose 0.9% last month, reversing a 0.8% decline in September.