US STOCKS-S&P has best 3 days since March on earnings optimism

Wed Jul 15, 2009 10:39pm BST
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* Intel results, outlook ignite stock rally

* Fed officials see recession coming to an end -minutes

* U.S. credit card defaults lower than feared

* Dow up 3.1 pct, S&P 500 up 3 pct, Nasdaq up 3.5 pct

* For up-to-the-minute market news click [STXNEWS/US] (Adds details)

By Leah Schnurr

NEW YORK, July 15 (Reuters) - U.S. stocks jumped on Wednesday with the S&P 500 racking up its three best days since March, sparked by results from bellwether Intel Corp (INTC.O: Quote, Profile, Research) that lifted hopes for a rebound in technology spending and improved corporate profitability.

The broad S&P 500 has gained 6.1 percent so far this week as companies, including Intel and Goldman Sachs Group (GS.N: Quote, Profile, Research), posted much better-than-expected results. It is the biggest three-day gain since the three major U.S. stock indexes began a rebound from 12-year lows in early March.  Continued...

 
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