Stocks jumped on Thursday as expectations of reassuring quarterly results from bellwethers including Google
Investors bet that technology earnings would show upside surprises, sending shares of Google up 2.5 percent to $389.00, Hewlett-Packard
People are starting to feel that maybe there's a slight chance this is not just a bear market rally, said John O'Brien, senior vice president at MKM Partners LLC in Cleveland, referring to the market's 28 percent rebound since the 12-year closing low of March 9.
People are anticipating a pretty good number from Google. They seem to like to under-promise and over-deliver.
On Nasdaq, Apple Inc
Also boosting sentiment were stronger-than-expected quarterly results from Harley-Davidson Inc
The Dow Jones industrial average <.DJI> raced up 126.48 115.56 points, or 1.58 percent, to 8,156.10. The Standard & Poor's 500 Index <.SPX> climbed 16.62 points, or 1.95 percent, to 868.68. The Nasdaq Composite Index <.IXIC> rose 44.17 points, or 2.72 percent, to 1,670.97.
Web search leader Google is scheduled to post quarterly results after the bell. Hewlett-Packard was the Dow's second top boost, behind IBM, the technology services giant.
Optimism in the technology sector also received a boost from cell phone maker Nokia's
Shares of JPMorgan climbed 3.1 percent to $33.59, while those of Citigroup
(Editing by Jan Paschal)