Intel joy sends US shares higher
|London | Wall Street | Asia|
(Close): US shares closed higher on Wednesday, buoyed by a positive outlook for chipmaker Intel and a gain of 5% in the price of oil.
The tech firm was the biggest main gainer, adding 4.18% after giving a revenue forecast in line with analysts' expectations.
Meanwhile, the tech-rich Nasdaq gained 33.73 points to 5,011.02.
Other big winners on the Dow included JP Morgan and Exxon, notching up healthy gains for the second day in a row.
Exxon was up 1.66%, after rising 1.5% on Tuesday on the back of a rise in oil prices.
US benchmark crude was trading $2.74 higher at $55.95 a barrel in New York.
Bank of America fell 1.2% after first-quarter earnings came in below expectations.