U.S. stocks rose, after benchmark indexes reached five-year highs, as lawmakers voted to temporarily suspend the federal debt limit and technology stocks rallied amid better-than-forecast earnings.
Google Inc. (GOOG) and International Business Machines Corp. (IBM) jumped more than 5 percent after reporting earnings that topped estimates. Advanced Micro Devices Inc. (AMD) surged 11 percent after revenue beat forecasts, helped by sales of chips that run servers. Apple (AAPL) Inc. advanced 1.4 percent before releasing results. Coach Inc., the largest U.S. luxury handbag maker, fell 16 percent after its profit trailed estimates, hurt by lower demand in North America.
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