Dow Jones rallies on better than expected earnings

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Source: Dukascopy Bank SA
Most of the U.S. blue chips advanced on Tuesday rebounding from their decline earlier this week, as corporate profits topped the analysts' estimates and Dell Inc. decided to be taken private. Dell's CEO Michael Dell and Silver Lake Management LLC agreed on buying the PC maker. The Dow Jones Industrial Average rose 0.7%, or 99.22 points, to 13,979.30. All but one sector in the index edged lower, while only two blue chip companies declined. International Business Machines Corporation erased 0.5% to $ 202.79 to pace losses in technology shares that were 0.08% down, while the decrease in United Technologies that slid 0.3% capped further gains in industrial shares that increased as much as 0.4%. Alongside to that, UnitedHealth Group Inc. gained the most in the gauge with a 3.6% increase adding to gains in the best performing health care group that jumped as much as 1.76%. Furthermore, Bank of America advanced 3.5% to $11.88 contributing to a 1.73% rise in financial shares, whereas Hewlett-Packard Co capped further losses in technology group with a 2.7% surge.
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