Companies such as General Electric Co and Intel Corp have reported solid results. Intel declared that personal computer sales have stabilized, while it forecast third-quarter revenue above Wall Street's expectations. Profit growth for the second quarter is now estimated at 6.7 percent - excluding results from Citigroup Inc , which was hit by a big adjustment from a mortgage settlement - better than where they stood at the end of June. In addition, 68 percent of S&P 500 companies so far are beating analysts' profit expectations, above the 63 percent long-term average, according to Thomson Reuters data.
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