7 Stocks you need to know for Wednesday

The Dow ended the day up 86.90. The Nasdaq Composite rallied by 26.79. And the S&P 500 gained 10.34.

Here are 7 Stocks You Need to Know for Wednesday.

The new interim CEO for General Motors (GM | Quote | Chart | News | PowerRating), Fritz Henderson, said that the automaker could meet the objectives set by the government's auto task force within 60 days.

Financial stocks provided leadership again for the markets, with Bank of America (BAC | Quote | Chart | News | PowerRating) gaining more than 12% and Citigroup (C | Quote | Chart | News | PowerRating) adding more than 9%.

Google (GOOG | Quote | Chart | News | PowerRating) will reportedly invest $100 million in the first year of its new venture capital fund. The fund is called Google Ventures and will look to invest in a variety of business on and off the Internet.

Sony (SNE | Quote | Chart | News | PowerRating) announced that it was lowering the price on its PlayStation 2 to $99 in an effort to maintain customer loyalty among more casual and family-oriented video game players.

Due to fears of salmonella contamination, Kraft Foods (KFT | Quote | Chart | News | PowerRating) recalled its products containing pistachio nuts. The investigation centers around a California processing plant.

Late in the day on Tuesday, the Wall Street Journal reported that Dell (DELL | Quote | Chart | News | PowerRating) was considering using Android software from Google in its line of low-cost notebook computers.