Stocks pointed higher after Intel earnings

NEW YORK — Stocks are poised to jump on the heels of strong earnings results by Intel Corp. and other technology companies.

Intel rose 6 percent in pre-market trading. The chip-maker said after the market closed Tuesday that its first-quarter net income rose 29 percent because of rising demand for personal computers. The results handily beat analysts' expectations and show tablet computers haven't made PCs obsolete.

Yahoo rose 4 percent in pre-market trading after it, too, performed better than analysts expected.

Computer giant IBM also blew past earnings expectations, but slipped 1.1 percent in pre-market trading.

Dow futures are up 137 points, or 1.1 percent, at 12,363. Standard & Poor's 500 futures are up 18, or 1.3 percent, at 1,362. Nasdaq 100 futures are up 29, or 1.2 percent, at 2,339.