Investing.com - Upbeat earnings from chipmaker Intel Corporation (NASDAQ:INTC) and mixed-but-solid economic indicators in the U.S. sent Wall Street stock indices rising on Wednesday.
At the close of U.S. trading, the Dow 30 rose 0.45%, the S&P 500 index rose 0.42%, while the NASDAQ Composite index rose 0.22%.
The Volatility S&P 500 index, which measures the outlook for market volatility, was down 9.70% at 10.80.
Intel released second-quarter earnings that beat expectations, including a 40% jump in profits, while the chipmaker also forecast third-quarter revenue that topped Wall Street's estimates late Tuesday.
Stronger-than-expected PC sales indicate business spending could be picking up, which sent stocks rising across the board.
U.S. data boosted spirits as well, especially news that U.S. wholesale prices rose more than expected in June.
The U.S. producer price index rose by 0.4% in June from May, according to the U.S. Bureau of Labor Statistics, beating market calls for a 0.2% uptick.
Core producers prices rose 0.2%, in line with market expectations.
Elsewhere, the Federal Reserve reported that U.S. industrial output rose 0.2% in June, missing consensus forecasts for a 0.4% reading, though expanding nonetheless.
Leading Dow Jones Industrial Average performers included Intel Corporation (NASDAQ:INTC), up 9.27%, Microsoft Corporation (NASDAQ:MSFT), up 3.80%, and International Business Machines (NYSE:IBM), up 2.05%.
The Dow Jones Industrial Average's worst performers included Nike Inc (NYSE:NKE), down 1.45%, Boeing Company (NYSE:BA), down 1.32%, and Johnson & Johnson (NYSE:JNJ), down 1.07%.
European indices, meanwhile, ended the day higher.
After the close of European trade, the DJ Euro Stoxx 50 rose 1.51%, France's CAC 40 rose 1.48%, while Germany's DAX rose 1.44%. Meanwhile, in the U.K. the FTSE 100 rose 1.11%.
On Thursday, the U.S. to publish reports on initial jobless claims, housing starts, building permits, and the Philly Fed manufacturing index.