U.S. stocks rise on upbeat profits from J.P. Morgan, Intel

11:50 am ET Oct 17, 2007

DJIA

13,934

+22.03

S&P

1,545

+6.51

NASDAQ

2,798

+34.25

10Yr

4.59%

-0.067

U.S. stocks rise on upbeat profits from J.P. Morgan, Intel

NEW YORK
U.S. stocks climbed Wednesday after early economic data did little to
upset the optimism sparked by better-than-expected profits reported by
blue-chip companies like J.P. Morgan Chase & Co., United Technologies
Corp. and Intel Corp.

Economic Report: U.S. housing starts for September fall to a 14-year
low

WASHINGTON
Construction on new homes plunged in September to the lowest level in 14
years, clear evidence that the turmoil roiling financial markets has
sent the nation's housing sector into a tailspin.

J.P. Morgan Chase net edges higher but profit view is clouded

NEW YORK
J.P. Morgan Chase & Co. on Wednesday said third-quarter net income edged
2% higher, as strong private equity gains and a big profit on the sale
of MasterCard shares cushioned the blow from chaotic fixed income
markets.