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Stocks rally on corporate profit reports

Stocks rallied Wednesday, with the S&P 500 touching its highest level since early May, as corporate profits from bellwethers like Intel and Honeywell defied the market's worst fears.

 

Stocks Rise After McDonald's Profits, Intel Spends

Fast food giant reports in-line earnings, chipmaker hikes dividend and earmarks another $10 billion for buybacks.

 

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