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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