Updated from 4:04 p.m. ESTStocks closed higher for the second day in a row Wednesday as a solid quarter at Texas Instruments ( TXN) and encouraging guidance from Oracle ( ORCL) kept investors buying. The Dow Jones Industrial Average rose 37.03 points, or 0.3%, to 10,498.59, below its session high of 10,531.99; the S&P 500 added almost 5.66 points, or 0.5%, to 1174.07; and the Nasdaq jumped 26.14 points, or 1.3%, to 2046.09, having come close to falling through 2000 Monday. The two positive days for stocks followed four down days. Volume on the New York Stock Exchange was 1.63 billion shares, with advancers beating decliners by a ratio of about 12 to 5. Volume on the Nasdaq was 2.10 billion shares, with advancers outpacing decliners 11 to 5. In other markets, the 10-year Treasury bond gained 1/32 in price to yield 4.19%, while the dollar was lower against the yen and euro. "One has to be a bit encouraged by the tracing out of a market bottom," said Barry Hyman, equity market strategist with Ehrenkrantz King Nussbaum Inc. "The same negative selloff-decline pattern came yesterday, but the follow-through today is definitely more encouraging. "The earnings picture is more optimistic approaching the end of the season. The catalyst will move away from earnings towards the Federal Reserve next week, with the wonder about whether the Fed will stay measured," Hyman said. Oil prices eased, with the March contract finishing down 86 cents to $48.78 a barrel. The Energy Department said crude inventories rose by 3.4 million last week. U.S. distillates and gasoline inventories both fell by 2.3 million barrels. In its fourth quarter, chipmaker Texas Instruments earned $490 million, or 28 cents a share, down about 5% from $512 million, or 29 cents a share, in the same period a year earlier. Revenue rose 14% to $3.2 billion. Analysts surveyed by Thomson First Call had been forecasting earnings of 26 cents a share on revenue of $3.1 billion.