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Updated from 4:10 p.m. EST

Blue-chips ended with a triple-digit gain Monday as encouraging earnings news continued to provide a spark on Wall Street. Tech stocks were also higher with strength coming from semiconductors.


Dow Jones Industrial Average with a gain of 140.54 points, or 1.4%, to 9884.78, while the

Nasdaq was up 27.78 points, or 1.5%, to 1846.66. The

S&P 500 added 15.72 points, or 1.4%, to 1111.94.

Chipmakers turned in a strong performance Monday with the

Philadelphia Stock Exchange Semiconductor Index

up 3.8%. Leading the charge was


(MU) - Get Micron Technology Inc. Report

, whose shares gained $2.70, or 7.7%, to $37.60.

Shares of


(GLW) - Get Corning Incorporated Report

were heavily traded following its announcement Friday that the first quarter should

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signal the bottom for its business. Shares of the fiber-optic cable manufacturer climbed 73 cents, or 9.7%, to $8.25.


(V) - Get Visa Inc. Report

said sales in its media and communications businesses rose 9% to 28.9 billion euros, or about $25 billion, in 2001 because of the success of several movies and consistent gains across its various product lines. Including its 63%-owned utility company, revenue rose 10% to 58.2 billion euros. The stock added $1.51, or 3.7%, to $42.91.


(FDX) - Get FedEx Corporation Report

was climbing after the package delivery company said quarterly earnings may come in ahead of the consensus estimate because of strong unit growth at its ground shipping segment and cost restraints at its air cargo outfit. Shares of FedEx climbed $1.73, or 3.2%, to $55.13.

Charter Communications

(CHTR) - Get Charter Communications Inc. Report

posted a fourth-quarter loss of $306.4 million, or $1.04 per share, narrower than Wall Street's expectations. Revenue for the quarter rose 13% to $1.11 billion. Operating cash flow rose 11% in the fourth quarter on strong subscriber growth, and the company expects operating cash flow growth of 11% to 13% and revenue growth of 12% to 14% for 2002. Charter's shares tacked on 10 cents, or 0.9%, to $11.35.

Qwest Communications


was dropping after the company said it received a subpoena from the

Securities and Exchange Commission

regarding official documents on bankrupt telecom firm

Global Crossing

. Qwest's shares fell 24 cents, or 2.5%, to $9.36.

United Therapeutics

(UTHR) - Get United Therapeutics Corporation Report

was on the move after the biotech company received word from the Food and Drug Administration that its Remodulin drug has been tentatively approved for the treatment of pulmonary arterial hypertension. Shares of United jumped $1.66, or 17.6%, to $11.10.


(QCOM) - Get QUALCOMM Incorporated Report

made strides Monday, trading up $3.82, or 10.2%, to $41.28, after one of the company's executives defended the wireless technology developer's accounting practices.



saw its shares jump after the company's Clarinex drug was approved to treat hives and general allergies along with its previous use for treating seasonal allergies. Shares of the drugmaker rose $1.83, or 5.7%, to $34.10.

As is often the case, Treasuries were dropping as equities gained ground. Around 4 p.m. EST, the 10-year note was down 6/32 to 99 25/32, yielding 4.90%.

Overseas, stocks were lower with London's FTSE 100 gaining 0.7% to 5162 and Germany's Xetra Dax up 2.2% to 4940. Stock markets across much of Asia were closed for a holiday.