While you were sleeping: Honeywell, Intel lift Wall Street

Wed, 18 Jul 2012

By Margreet Dietz July 19 (BusinessDesk) - Wall Street advanced as earnings by Honeywell and Intel surpassed expectations, sparking relief that corporate profits are proving more resilient than initially feared. Shares of Honeywell rose more than 6 percent, while those of Intel climbed more than 3 percent, after both companies posted second-quarter profits that beat forecasts. Earnings have exceeded analyst estimates at 73 percent of the 63 companies in the Standard & Poor's 500 Index that have reported results so far, according to data comp...

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