Stocks higher on strong earnings from IBM and Merrill

Wall Street regained its composure today, marching higher after companies including Merrill Lynch & Co. and International Business Machines Corp. beat earnings expectations.

Stocks higher on strong earnings from IBM and Merrill
Tue, 19 Jul, 2005 - 23:17

Wall Street regained its composure today, marching higher after companies including Merrill Lynch & Co. and International Business Machines Corp. beat earnings expectations.

The results reassured investors after disappointing earnings from Citigroup Inc. on Monday halted three weeks of stock market gains.

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CourtsBusinessHeathrowPlace: Greenwich, ConnecticutPerson: Steven GoldmanOrganisation: IBMOrganisation: Merrill Wall StreetOrganisation: Merrill Lynch & Co.Organisation: International Business Machines Corp.Organisation: Wall StreetOrganisation: Citigroup Inc.Organisation: MerrillOrganisation: Weeden & Co.Organisation: Intel Corp.Organisation: Amgen Inc.Organisation: Motorola Inc.Organisation: DowOrganisation: Nasdaq
<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

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