Multinationals soar on IBM results

Jan. 14 - U.S. stocks sprinted higher after better-than-expected preliminary results from IBM soothed profit jitters for those doing U.S. companies doing businss overseas.The Dow climbed 171 points to 12,778. The S&P 500 rallied 15 points to 1,416. The Nasdaq rose 38 points to 2,478. Gold hit a record $910 an ounce.

Conway Gittens reports from New York. REUTERS VIDEO