Technology earnings boost Wall Street

by Blog Burger on July 20, 2012

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – Stocks rose on Thursday for a third straight day, with the S&P 500 at a 2-1/2 month high, as earnings from technology companies and expectations for more monetary stimulus outweighed weak economic data. So far in this earnings season a majority of companies have beaten analysts' lowered expectations. In the latest boost, IBM raised its full-year outlook, eBay's profit beat forecasts and Qualcomm said it expects a "strong December quarter. …

Business News Headlines – Yahoo! News

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