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U.S. stock market cheers IBM earnings IBM’s quarterly report has tech shares leading Wall Street’s rise: MarketWatch | Market Snapshot | July 19, 2011, 1:19 p.m. EDT

By Kate Gibson , MarketWatch  NEW YORK (MarketWatch) — U.S. stocks rallied Tuesday, recouping the prior day’s losses, with technology companies leading the climb on better-than-expected results from International Business Machines Corp. “IBM came out with really good earnings and upped their estimates. Other than financials, which are going to continue to be under duress, the rest of the market is going to do pretty well,” said Mark Coffelt, president and chief investment officer at Empiric Advisors. The Dow Jones Industrial Average DJIA +1.50%  rose 121.74 points, or 1%, to 12,506.90, with IBM IBM +4.98%  leading gains that included 24 of the index’s 30 components. Shares of the techn