(Reuters) - NEW YORK, July 19 - U.S. stocks rose sharply on
Thursday as large-cap companies such as IBM and
Honeywell International Inc. reported earnings that
beat forecasts, shifting investors' focus back to corporate
profits and away from subprime credit worries.
International Business Machines Corp., the world's largest
technology services company, also raised its 2007 earnings
forecast late on Wednesday. For details, see [ID:nN18415715].
Manufacturer Honeywell posted a 17 percent rise in profit.
[ID:nN19374753].
Read more at Reuters.com Bonds News
Thursday as large-cap companies such as IBM and
Honeywell International Inc. reported earnings that
beat forecasts, shifting investors' focus back to corporate
profits and away from subprime credit worries.
International Business Machines Corp., the world's largest
technology services company, also raised its 2007 earnings
forecast late on Wednesday. For details, see [ID:nN18415715].
Manufacturer Honeywell posted a 17 percent rise in profit.
[ID:nN19374753].
Read more at Reuters.com Bonds News
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