Market rises on Disney, Time Warner results

By Ellis Mnyandu

The market also got a boost from a report that showed U.S. productivity in the fourth quarter rose at a stronger-than-expected pace and growth in labor costs, an inflation measure, was restrained.

Investors also snapped up shares of manufacturers, including General Electric Co , which were among Tuesday's biggest losers.

Disney shares rose to $31.20 on the New York Stock Exchange, while GE climbed 0.7 percent to $34.36. On the Nasdaq, Apple Inc led advancers with a gain of 0.7 percent to $130.33.

Time Warner rose 1.2 percent to $15.60 after the media conglomerate said it expects profit growth in 2008 possibly to exceed Wall Street's estimates. Excluding items, it reported quarterly earnings that matched Wall Street's estimates.

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