Strong results from Google, IBM push stocks higher

Published on NewsOK Modified: January 23, 2013 at 9:23 am •  Published: January 23, 2013
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Advanced Micro Devices also reported results that were better than analysts had expected. The world's second-largest maker of microchips, behind Intel, posted a smaller loss and higher revenue than analysts had forecast. AMD jumped 8 percent, making it the top stock in the S&P 500. It rose 22 cents to $2.65.

Coach plunged 14 percent, or $8.64, to $52.04 after the luxury handbag maker said a challenging economy and heavy price-cutting by competitors weighed on its results. Rivals like Michael Kors are attracting loyal followers.

In the bond market, the yield on the benchmark 10-year Treasury note dipped to 1.82 percent, down from 1.84 percent late Tuesday.

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