Strong results from Google, IBM push stocks higher

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Associated Press

Posted on January 23, 2013 at 9:02 AM

Updated Wednesday, Jan 23 at 9:04 AM

NEW YORK (AP) — Stocks are opening mostly higher on Wall Street following strong earnings reports from Google, IBM and railroad operator CSX.

The Dow Jones industrial average rose 45 points to 13,758 shortly after the opening bell Wednesday.

The Standard & Poor's 500 index was flat at 1,492. The Nasdaq composite edged up eight points to 3,151.

CSX beat analyst's forecasts for income and revenue in the fourth quarter, following a strong showing in the tech sector late Tuesday from Google and IBM.

Apple reports earnings after the closing bell.

In Washington, House Republicans are trying to come to a consensus on legislation that would avert a fiscal crisis, at least temporarily, by easing the government's borrowing restrictions for three months. A vote is expected Wednesday.

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