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Shares of United States surged on Tuesday, after a positive start to the season second-quarter earnings, pushing the market ahead of Wall Street for the sixth consecutive day. The blue-chip stock index Dow Jones Industrial Average rose 30 146.75 points (1.44 percent) to end at 10363.02. Technology-heavy Nasdaq composite index rose 43.67 points (1.99 percent) to 2242.03 and the broader market S & P 500 index leapt 16.59 points (1.54 percent) to 1095.34.

“Rally today is the continued search for bulls` (passion),” said Ryan Detrick of Schaeffer `s Investment Research.

“While very light volume, earnings season has started strong, and we’ll see how long the bulls can stay in control.”

Dow member Alcoa, the unofficial start of the second quarter earnings season with a bang after the market close Monday, reported a swing into profit and increased projections for global demand. Read the rest of this entry »