NEW YORK (Reuters) - Stocks rose more than 1 percent on Thursday as a stronger-than-expected profit from technology bellwether IBM suggested that the credit crunch is not stifling all business spending.
The Dow Jones industrial average was up 133.25 points, or 1.44 percent, at 9,391.35. The Standard & Poor's 500 Index was up 13.58 points, or 1.38 percent, at 998.52. The Nasdaq Composite Index was up 32.22 points, or 1.85 percent, at 1,772.55.
