IBM spurs Wall Street rebound
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Stocks rebounded on Monday from last week's losses after IBM  reported higher-than-expected preliminary quarterly earnings, spurring a broad rally in technology shares.
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Stocks jumped on Thursday, driving both the S&P 500 and the Nasdaq composite indexes up more than 1 percent as stocks rebounded, led by gains in financial services companies and retailers.
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Shares of IBM IBM.N gained 4 percent  on Tuesday after the world's largest computer company posted  third-quarter results that marked a recovery from a weak  second-quarter performance, Wall Street commentators said.
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Stocks rose on Tuesday as bargain hunting in beaten-down shares of large technology companies, including IBM  and Microsoft Corp , helped offset a drag from financial stocks such as Goldman Sachs  on worries about credit markets.
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Stocks rose on Monday after strong results from IBM  relieved concerns about the global economy and spurred a broad rebound from last week's slide.
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WALL Street rallied overnight on mostly upbeat economic news, with the technology sector lifted by a shakeup at PeopleSoft that boosted expectations for a high-profile merger.
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Stocks rose on Thursday as forecast-topping results from multinational companies such as IBM and Juniper Networks Inc.  shifted investor focus back to corporate profits and away from subprime mortgage concerns.
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NEW YORK, July 23 -- Stocks rebounded Monday after a fresh round of buyout news offered evidence that Wall Street's penchant for dealmaking has not disappeared.
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U.S. stocks rose sharply on Thursday as large-cap companies such as IBM  and Honeywell International Inc.  reported earnings that beat forecasts, shifting investors' focus back to corporate profits and away from subprime credit worries.
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Stocks advanced sharply in early trading, with Wall Street encouraged by strong earnings from Microsoft and an optimistic outlook from Countrywide Financial.
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US stocks rebounded on Monday after IBM surprised the market with some better than expected preliminary quarterly earnings but retailers remained under pressure after a profit warning at Sears.
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Stocks rose sharply on Tuesday, driving the Nasdaq composite index more than 1 percent higher, as overseas equities rebounded and investors bet that markets may be stabilizing after recent heavy losses.
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Wall Street stocks rebounded on Wednesday morning, following sharp falls in the leading indices on Tuesday.
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London equities rebounded from steep, intraday losses on Wednesday afternoon, as Wall Street indices provided a measure of support.
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IBM reported a better-than-expected 24 percent rise in preliminary quarterly earnings on Monday on strong sales in overseas markets, driving its shares up 6 percent and spurring a broader tech rally.
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Wall Street headed for a sharply higher open Friday as a strong outlook from IBM encouraged investors to buy back into stocks after their huge drop this week.
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Computer server and software maker IBM said Monday its fourth-quarter earnings from continuing operations rose 24 percent from a year ago, beating Wall Street expectations by a wide margin.