US STOCKS-Wall St jumps on Intel results, data

Wed Jul 15, 2009 7:48pm BST
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* Intel results, outlook ignite equities rally

* Fed officials see recession coming to an end-minutes

* Fed's New York business index strongest since April 2008

* Dow up 2.6 pct, S&P up 2.5 pct, Nasdaq up 3 pct

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

By Leah Schnurr

NEW YORK, July 15 (Reuters) - U.S. stocks rose broadly on Wednesday, sparked by strong results from bellwether Intel Corp (INTC.O: Quote, Profile, Research) that lifted hopes for a rebound in technology spending.

The broad S&P 500 has gained more than 5 percent so far this week as Intel and Goldman Sachs Group (GS.N: Quote, Profile, Research) posted better-than-expected results. The current earnings season is key as investors look for signs corporate profitability is improving.  Continued...

 
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