Stocks Surge

By: Associated Press
By: Associated Press

Investors are finally getting the news they've been craving.

Stocks surged for the second time in three days Wednesday as investors pounce on more evidence that the economy might not be as weak as feared.

Strong earnings and an upbeat forecast from Intel Corp. and a more favorable take on the economy from the Federal Reserve pulled investors into stocks.

Stocks also rallied on Monday after an influential banking analyst raised her target on Goldman Sachs Group Inc.

The Dow Jones industrial average is up 257 at 8,616. The S&P 500 index is up 27 at 933. The Nasdaq composite index is up 63 at 1,863.

Nine stocks rose for every one that fell on the New York Stock Exchange. Volume came to 1.3 billion shares.

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  • by Hmmmm on Jul 15, 2009 at 06:01 PM
    Michigans unemployment just went over 15% and California is broke but there is evidence the economy is turning around. So, they are trying to encourage us to put our money back in the stock market so that wall streeters can earn more big bonuses and crash the market again. Lesson learned, no thanks.
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