Stocks rise on strong earnings reports

AP News
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Posted: Oct 13, 2010 4:41 PM
Stocks rise on strong earnings reports

EARNINGS SEASON STARTS STRONG: Better than expected earnings reports from JP Morgan Chase & Co, Intel Corp and railroad operator CSX helped push the broad S&P 500 index up 0.7 percent.

APPLE CLOSES ABOVE $300: Shares in Apple Inc. closed at a record $300.14 a share, one day after Wal-Mart Stores Inc. announced that its stores would carry the popular iPad.

DOW WINNING STREAK: The Dow finished up 76 points for its fourth day of gains. It is up 2.9 percent for the quarter.