AlHijjah 1, 1433, Oct 17, 2012, SPA - Stocks rose Tuesday, with the three main indexes each rising about 1 percent, as investors welcomed strong corporate earnings reports and considered the latest U.S. inflation data. Gains were driven by better-than-expected third-quarter results from several companies. Goldman Sachs profit and revenue beat Wall Street expectations, but Citigroup was most watched after its unexpected announcement that chief executive Vikram Pandit is stepping down. Shares of Coca-Cola fell after the beverage giant missed revenue forecasts. In U.S. economic news, consumer prices rose 0.6 percent in September, driven higher by rising gasoline costs. But consumer prices were only 2 percent higher than a year ago. A second government report showed industrial output rising 0.4 percent in September, while a private report said homebuilder optimism remained at a six-year high in October. The U.S. dollar fell versus the euro and gained versus the yen. Light sweet crude oil for November delivery rose 24 cents to $92.09 a barrel on the New York Mercantile Exchange. Gold futures rose $8.70 to $1,749.20 an ounce. The Dow Jones industrial average rose 127.55, or nearly 1 percent, to 13,551.78. Gains were led by Intel, whose shares rose 2.85 percent ahead of its quarterly report, and Caterpillar, whose shares rose 2.6 percent. Johnson & Johnson shares rose nearly 1 percent after the drug and healthcare firm's quarterly profit beat expectations. The broader Standard & Poor's 500 index rose 14.79, or 1 percent, to 1,454.92. The technology-heavy Nasdaq composite index rose 36.99, or 1.2 percent, to 3,101.17.
