Financial Times FT.com

Wall St up on strong earnings

By Michael Mackenzie and Chris Bryant in New York

Published: October 26 2007 14:09 | Last updated: October 26 2007 21:45

Wall Street stocks enjoyed their best week in more than a month as investors put aside worries about risky credit market investments, a slowdown in the economy and some mixed corporate earnings.

Stellar quarterly results from Microsoft lent support to the continuing surge in technology shares while upbeat guidance from Countrywide Financial raised hopes that mortgage lenders might recover from the housing slump sooner than expected.

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