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Stocks rally on corporate profit reports

Stocks rallied Wednesday, with the S&P 500 touching its highest level since early May, as corporate profits from bellwethers like Intel and Honeywell defied the market's worst fears.

 

Stocks Rise After McDonald's Profits, Intel Spends

Fast food giant reports in-line earnings, chipmaker hikes dividend and earmarks another $10 billion for buybacks.

 

Dow Jones average breaks through 10,000, then edges back down

Dow Jones average breaks through 10,000, then edges back down

Strong earnings from JPMorgan, Intel and others push up the blue-chip index in midday trading. The Dow Jones industrial average finally got back above 10,000 today -- briefly -- as banking and technology sectors did their best to move it above that psychological barrier.

 

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