U.S. stocks rose on Thursday, as investors anticipated another round of strong corporate earnings, sending technology shares higher ahead of quarterly results from IBM.
International Business Machines Corp
Shares of Qualcomm Inc
JPMorgan Chase & Co
Investors have ratcheted up expectations for earnings almost across the board, so that optimism is still there even if today's action is rather muted, said Paul Baiocchi, senior market strategist at Delta Global Advisors in San Francisco.
The Dow Jones industrial average <.DJI> rose 65.91 points, or 0.76 percent, to 8,682.12. The Standard & Poor's 500 Index <.SPX> gained 5.96 points, or 0.64 percent, to 938.64. The Nasdaq Composite Index <.IXIC> was up 18.39 points, or 0.99 percent, at 1,880.96.
The gains put the market on course for a fourth-straight day of gains.