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Originally published Thursday, July 16, 2009 at 3:50 AM

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Strong results at Intel pull stocks sharply higher

After a rally on better-than-expected earnings, investors are moving into the market again after JPMorgan Chase easily topped profit forecasts.

AP Business Writer

S&P 500 index intraday trading


Biggest Puget Sound companies

The chart below reflects the stock price and the dollar change.


NEW YORK —

After a rally on better-than-expected earnings, investors are moving into the market again after JPMorgan Chase easily topped profit forecasts.

JPMorgan says its investment banking business spurred record revenue. JPMorgan's results come two days after Goldman Sachs' earnings also topped expectations.

The strong earnings from the banks has provided fuel to beliefs the economy is rebounding. However, not all financial firms are enjoying success.

Late Wednesday, CIT Group said negotiations with regulators about a possible rescue broke off.

Dow Jones industrial average futures are up 20, or 0.2 percent, at 8,563. Standard & Poor's 500 index futures are up 1.6, or 0.2 percent, at 928.80, while Nasdaq 100 index futures are up 0.50, or 0.03 percent, at 1,497.75.

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