Opening Bell Report

Solid corporate earnings gave both blue chips and tech stocks a lift. The Dow rose 62 points to 13,629 while Nasdaq surged 18 points to 2771.

On the upside

Apple (Nasdaq: AAPL) polished off a solid quarter as sales of its Macintosh computers, iPods and iPhones beat expectations.

BP (NYSE: BP) posted lower profits due to higher costs and refinery outages, but the company expects to overcome its exposure to operational problems this quarter.

AT&T (NYSE: T) posted higher earnings and revenues that doubled as the nation's largest telecommunications company cited growth its wireless business while completing its acquisition of BellSouth.

On the downside

Level 3 Communications (Nasdaq: LVLT) continued to struggle as its reported a wider loss and lowered its outlook for 2007 and 2008 due to a glut in bandwidth capacity.

Analysts downgraded Texas Instruments (NYSE: TXN) on worries that its wireless chip business may face margin pressures.

Luxury hand bag and accessories maker Coach (NYSE: COH) may be facing a difficult holiday season due to recent slowdown in traffic to its retail stores.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by a margin of nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks added 6 points to 816.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here