Strong technology earnings boost Wall Street
NEW YORK (Reuters) – Stocks rose on Thursday, with the S&P 500 at a 2-1/2 month high as technology companies’ outlooks and earnings overshadowed weak economic data. So far corporate earnings have been beating analysts’ lowered expectations. The latest to boost the market, especially tech shares, were IBM’s raised full-year outlook, forecast-beating earnings from eBay and Qualcomm’s expectations for a "strong December quarter. " But a slew of weaker-than-expected economic data capped gains in the wider market. Manufacturing in the U. S. . . .
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