US STOCKS-Wall St rises as investors focus on U.S. growth

* Focus on U.S. fundamentals after Monday’s huge rally

* Intel Corp (INTC.O: ) sees earnings double

* Walt Disney shares up ahead of quarterly results

* Dow up 0.3 pct, S&P up 0.3 pct, Nasdaq up 0.8 pct

* For up-to-the-minute market news see [STXNEWS/US]
(Updates to mid afternoon, changes byline)

By Edward Krudy

NEW YORK, May 11 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) rose on Tuesday
as investors turned their attention back to the strong
earnings picture in the United States and fears of a wave of
euro-zone debt defaults ebbed.

Bolstering the U.S earnings story, Intel Corp (INTC.O: )
said it expects annual earnings growth to double over the next
few years. Intel noted that this earnings trend will be helped
by expansion in the global personal computer market.That
helped push its stock up as much as 1.4 percent to an intraday
high of $22.86, although it retraced much of that gain in
mid-afternoon trading.

Shares of Walt Disney Co (DIS.N: ) gained 2.2 percent to
$36.08 ahead of quarterly results after the bell. The
entertainment and media company’s performance is an indication
of the strength of consumer spending, which accounts for two
thirds of economic activity in the United States.

“What happened was for about a week we really got derailed
in terms of focus,” said Eric Kuby, chief investment officer,
North Star Investment Management Corp in Chicago. “Now we’re
back to looking at the fundamentals of the U.S. economy, which
remain pretty solid.

The Dow Jones industrial average (.DJI: ) gained 30.30
points, or 0.28 percent, to 10,815.44. The Standard & Poor’s
500 Index (.SPX: ) rose 3.07 points, or 0.26 percent, to
1,162.80. The Nasdaq Composite Index (.IXIC: ) added 18.94
points, or 0.80 percent, to 2,393.61.

The more optimistic assessment helped stocks in the
financial and technology sectors that had taken the brunt of
recent selling, which had pushed major indexes down 7 percent
to 9 percent in just four days of trading last week.

Apple Inc (Read more about Apple stock future.) (AAPL.O: ) rose 2.2 percent to $259.70 while
American Express (AXP.N: ) gained 2 percent to $43.94 and was a
top boost to the Dow industrials. The BKW bank index (.BKX: )
rose 1.6 percent.

Helping the biotech sector, Gilead Sciences (GILD.O: )
authorized a program, for the second time this year, to
repurchase up to $5 billion in common stock through May 2013.

Gilead’s stock rose 3.3 percent to $39.66, while the NYSE
Arca Biotech index (.BTK: ) gained 1.3 percent. For details, see
[ID:nSGE64A0JY]

Earnings season continued, with Church & Dwight Co (CHD.N: )
posting a first-quarter profit (Read more your timing to make a profit.) that beat expectations.

However, the consumer products company, whose products
include Arm & Hammer baking soda and Trojan condoms, also gave
a weak second-quarter earnings outlook. Its stock fell 2.3
percent to $67.82. [ID:nSGE64A0HY]

Overseas, Toyota Motor (TM.N: ) reported fourth-quarter
earnings that comfortably beat forecasts. Toyota’s U.S.-listed
stock rose 1.6 percent to $77.94 on. [ID:nTOE64902V]

Stocks scored their biggest one-day gain in more than a
year on Monday after European leaders agreed to a $1 trillion
emergency rescue package to stabilize the euro-zone currency.
However, concerns remained about the high debt loads of some
euro-zone nations. [ID:nN10120683]

Stock Market Basics

(Reporting by Edward Krudy; Editing by Jan Paschal)

US STOCKS-Wall St rises as investors focus on U.S. growth