Afternoon Markets: Strong results push Dow 100 points higher

A string of strong earnings results as well as positive homes resales data in the US thrust the Dow into positive territory today.

Shortly after opening, the Dow had rocketed more than 107 points (1.2%) to 8,988.27. Home resales figures in the US rose in June for the third consecutive month, spurred by tax incentives and lower borrowing costs. Purchases also climbed to their highest level since October, up 3.6% to an annual rate of 4.89 million. Telecoms giant AT&T soared 4.03% to $25.84 after reporting strong Q2 earnings. The company posted profits exceeding analysts' estimates after millions of customers grappled for iPhones and other web-equipped devices. Maker of 'Post-it' notes 3M is up 3.9% to $67.19 ...