Stocks Rally After Dour Two Days; Intel Weighs on Nasdaq

Stocks charged higher in midday trading Thursday, looking to erase the past two days of losses triggered by Federal Reserve rate hike fears. Gains were limited on the Nasdaq, though, as Intel sold off after slashing fourth-quarter revenue guidance. The computer hardware maker said weaker-than-expected demand for business desktop PCs was to blame. Financials were charging ahead after major U.S. banks passed round two of the Fed's stress tests largely unscathed. Citigroup and Morgan Stanley were among the best performers after the Fed approved better-than-forecast buyback programs. Lumber Liquidators surged after its conference call.