NEW YORK — A new sign of recovery in the housing market and strong corporate earnings sent stocks higher Wednesday for a second consecutive day.
The Dow Jones industrial average rose 103.16 points, or 0.8 percent, to 12,908.70, a strong showing for what has been a mediocre July so far. The index has risen only four times in the last 12 trading days.
A big gain by Intel after it posted a strong earnings report drove up technology stocks, especially other chip makers.
Those companies, plus industrials, were responsible for much of the market’s gains.
The Nasdaq composite climbed 32.56 points, or 1.1 percent, to 2,942.60. The Standard & Poor’s 500 index rose 9.11 points, or 0.7 percent, to 1,372.78.
NEW YORK — Following in Verizon’s footsteps, AT&T said Wednesday that it will introduce wireless plans that let subscribers connect up to 10 phones or other devices.
Connected phones get unlimited calling and texting, and all devices get wireless data access. The devices tap into a limited pool of data usage, which gets renewed each month.
Verizon introduced its “Share Everything” plans on June 28, replacing nearly all of its traditional phone plans. AT&T said its “Mobile Share” plans will debut in late August, but it is keeping its current individual and family plans.
AT&T’s prices will track closely with those of Verizon. One smartphone with 1 gigabyte of data will cost $85 per month with AT&T, compared with $90 with Verizon. Two smartphones and a tablet computer with 6 gigabytes of shared data will cost $170 on either carrier.
The former head of Daniel Island Property Owners Association and the Daniel Island Community Fund has gone from one Lowcountry island to another.
Jimmy Bailey, a life-long resident of Charleston, has joined the Kiawah Island Community Association as chief operating officer.
His appointment will be announced at 1 p.m. today at Our Lady of Mercy Community Outreach on Johns Island, where Bailey will introduce Kiawah Cares, a new community outreach program launched by the property owners of Kiawah Island to form philanthropic partnerships between Kiawah, Johns and Wadmalaw islands.
Parents with children in grades kindergarten through 12 plan to spend about $85 more this year over last year as they get ready for the new school year.
An average shopper will spend about $689 on their children, up from about $604 last year, according to an annual study released today by the National Retail Federation.
Total spending on grades K-12 will reach $30.3 billion. Add in college spending and the number climbs to $83.8 billion, making back-to-school the second-biggest shopping event of the year, behind Christmas.
Wow Internet, Cable & Phone has completed its $1.5 billion acquisition of West Point, Ga.-based Knology, the Colorado-based buyer announced this week.
Seeking to extend its reach from the Midwest to the Southeast, Wow paid about $750 million, or $19.75 per share, for Knology, which serves the Charleston area.
The deal was announced in April, and Wow’s shareholders approved the transaction, which includes Knology’s $750 million in debt, late last month, according to Wow.
Todd Holt, Knology’s former president and chief financial officer, is now Wow’s CFO. The combined company has more than 800,000 customers.
Staff and wire reports