The market moved higher and posted solid gains. Strength across the Eurozone helped set the table for morning gains on Wall Street. Hopes that Spain will soon request a formal bailout seems to have helped ease anxiety levels in Europe as well. The domestic economic data was also benign. A report on CPI showed an uptick of only .1 percent last month and half as much as expected. Industrial Production rose .4 percent and .1 percent more-than-expected. NAHB Homebuilder Sentiment Index for October was 41, up from 40 in September and just below expectations of 42. IBM and Intel were down more than 3% in after-hours trades on the heels of their earnings reports. Bank of America Corp reported on Wednesday a $340 million third-quarter profit as a legal settlement and other previously disclosed charges dented its bottom line.
