Stocks Rally on Robust IBM Results
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Wall Street rose sharply in early trading, with solid preliminary results from IBM encouraging investors to buy back into the stock market after last weekâs rout.
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Stocks rose on Tuesday as investors bought beaten-down shares of technology heavyweights such as IBM  and Microsoft Corp  on hopes that the tech sector would weather the impact of the credit crisis.
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Wall Street rallied on Thursday, led by technology stocks, as IBM, a bellwether for the sector set a bullish earnings tone.
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Stocks rebounded on Monday from last week's losses after IBM  reported higher-than-expected preliminary quarterly earnings, spurring a broader rally in technology shares.
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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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U.S. stocks gained on Friday as stronger-than-expected results from software maker Oracle Corp  and Nike Inc  brightened the profit outlook.
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U.S. stocks rose on Friday, led by technology shares after higher-than-expected results from software maker Oracle Corp  and a share buyback from Texas Instruments Inc .
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IBM  on Thursday forecast 2008 earnings well ahead of Wall Street expectations after results showing a strong international performance, and its shares rose 5 percent.
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IBM  reported  better-than-expected preliminary quarterly results on Monday on  strong performances in Asia, Europe and emerging markets,  driving its shares up 10 percent and spurring a broader tech  rally.
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U.S. stocks rallied on Thursday as a   string of corporate deals, plus a robust initial public   offering for credit-card company MasterCard Inc.MA.N, lifted   investor sentiment.
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Stocks rose soundly on Friday, capping a week of gains for Wall Street, as investors drew confidence from strong results at Oracle and a continued sense that lower interest rates should help the economy.
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U.S. stocks rose on Thursday after forecast-topping results from companies such as IBM and Juniper Networks shifted investor focus back on to earnings optimism, away from subprime jitters.
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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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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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Stocks rebounded on Monday from last week's losses after IBM reported higher-than-expected preliminary financial results, lifting the technology sector.
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U.S. stocks rose on Friday after robust results from software maker Oracle Corp  brightened the outlook for technology, helping the Dow and S&P turn in their best weekly performance since March.
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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.