Stocks Soar on Intel Earnings

By Kevin Spak,  Newser Staff
Posted Jul 15, 2009 8:47 AM CDT
Traders Ben Willis, center, and Peter Tuchman work on the floor of the New York Stock Exchange Tuesday, June 30, 2009.   (AP Photo/Richard Drew)
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(Newser) – Tech stocks soared at the open today, taking major indexes with them, after a strong quarter and upbeat outlook from Intel, the Wall Street Journal reports. The Dow rose 100 points, while the Nasdaq added 30 points and the S&P 11.45 points. Intel was up 7.5% pre-market. “Clearly, Intel is seeing a firming up in demand," said one analyst. “It's encouraging news for the industry.”