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 <.DJI> was up 133.25 points, or 1.44 percent, at 9,391.35. The Standard & Poor's 500 Index <.SPX> was up 13.58 points, or 1.38 percent, at 998.52. The Nasdaq Composite Index <.IXIC> was up 32.22 points, or 1.85 percent, at 1,772.55.
(Editing by Kenneth Barry)
