Stocks in the United States rebounded today as bullish congressional testimony from Alan Greenspan and anticipation for a strong mid-quarter update from Intel Corp brightened Wall Street’s mood and overshadowed a surge in oil prices.

Wall Street edged higher in choppy trading today, with investors making few moves as they waited for companies to start reporting their fourth-quarter earnings this week.

Tech stocks extended their decline today as United States investors locked in gains following disappointing results from Computer Associates.

Better-than-expected profits from Motorola lifted Wall Street higher today as investors grew more optimistic that third-quarter earnings in general will be strong. The Dow Jones industrials rose nearly 90 points to a 16-month high.

Wall Street surged ahead today, completing a remarkable 12-month period that saw the major indexes make a stunning rebound from the depths of the three-year-long bear market.