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Stocks rally as tech earnings take the spotlight

Stocks (^DJI^GSPC^IXIC) are rallying at the midday mark, with the consumer discretionary sector (XLY) leading the way up and utilities (XLU) the most in the red. Keith Bliss of Cuttone & Co.joins us live from the New York Stock Exchange.

To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance editor-in-chief Andy Serwer and Yahoo Finance’s Dan Roberts.

Today’s topics:

  • Bill O’Reilly gone from Fox: report
  • Verizon’s CEO is open to deal talks with Comcast, Disney, CBS
  • e-commerce record: PetSmart to buy rival Chewy.com for $3.35B
  • Starbucks’ Unicorn Frappuccino changes color, taste