U.S. stocks up as profits, confidence improve

Newswire

(Updates to midday) By Bill Rigby NEW YORK, April 27 (Reuters) - U.S. stocks rose on Tuesday, wiping out the previous session's losses, as investors welcomed strong corporate profits and a surprise jump in consumers' confidence about the economy and job market. IBM led the Dow higher as it pumped up its dividend 12.5 percent, while defense contractor Lockheed Martin rose on better quarterly profits. "The long-term trend is up, driven by strong corporate earnings, offsetting gradually ...

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