US stocks surge

Another wave of positive earnings news from companies such as IBM propelled stocks higher today, giving Wall Street its fifth advance in six sessions. The Dow Jones industrials rose nearly 240 points.

US stocks surge
Thu, 17 Oct, 2002 - 23:08

Another wave of positive earnings news from companies such as IBM propelled stocks higher today, giving Wall Street its fifth advance in six sessions. The Dow Jones industrials rose nearly 240 points.

Analysts said investors were becoming more optimistic after a week of good news from General Electric to Advanced Micro Devices, despite Wednesday’s steep decline.

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