NEW YORK (AP) -- Investors are betting on the economy again.
Strong earnings and an upbeat forecast from Intel Corp. pulled investors into the stock market Wednesday as hopes grew that the economy could be starting to recover. The chip maker's results signal that computer sales are picking up faster than had been expected.
That welcome sign for the economy was enough to draw out buyers after a month of little direction in the stock market. Major stock indicators jumped more than 2.5 percent, including the Dow Jones industrial average, which rose 200 points. Intel lifted the technology-heavy Nasdaq composite index 3 percent. continue...
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3 comments:
If the banks would cut loose some of the cash they were given things might move a little faster.
Intel still sucks because they come into town and set up shop and get everybodies hopes up and then split and leave everybody hanging!Hahaha.
What were you expecting, a hand out? Intel doesn't have to answer to anyone but their stock holders. You getting your feelings hurt probably didn't fit into the equation. That's why they're one of the most successful companies in the world. And all this time I thought you were a conservative?
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