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* Intel results, forecast help send equities higher

* New York business index strongest since April 2008

* Nasdaq, technology shares lead indexes up by about 2 pct

* For up-to-the-minute market news click [STXNEWS/US] (Updates to mid-morning)

By Rodrigo Campos

NEW YORK, July 15 (Reuters) - U.S. stocks rose sharply on Wednesday as Intel Corp's (INTC.O: Quote, Profile, Research) solid quarterly results and outlook reinforced hopes for an economic recovery and a rebound in technology spending.

Regional U.S. economic data underpinned the positive sentiment, with the New York Fed's Empire State index for July showing business conditions in the state at their strongest since April 2008. For details see [ID:nN15329440].

Shares of Intel, a chip-maker and Dow component, rose 6.7 percent to $17.95 as its results and outlook blew past Wall Street forecasts, helped by strong consumer demand for PCs, setting the upbeat tone for the technology sector. [ID:nLF507840].