US STOCKS-Wall St jumps on Intel results and NY factory data

Wed Jul 15, 2009 5:13pm BST
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* Intel results, outlook help send equities higher

* New York business index strongest since April 2008

* All indexes up more than 2 percent

* For up-to-the-minute market news click [STXNEWS/US] (Updates to midday, changes byline)

By Ryan Vlastelica

NEW YORK, July 15 (Reuters) - U.S. stocks rose sharply on Wednesday, after strong results at Intel Corp (INTC.O: Quote, Profile, Research) lifted shares of chip makers while boosting hopes for an economic recovery and a rebound in technology spending.

The New York Fed's Empire State index for July added to positive sentiment, showing business conditions in the state are at their strongest since April 2008. For details see [ID:nN15329440].

Intel, a Dow component, surged 7.3 percent to $18.05 on Nasdaq a day after it reported second-quarter results that beat expectations and gave a strong outlook. [ID:nLF507840]  Continued...

 
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