Stocks rose yesterday, resuming a late-spring rally, as the market's vacillating view of corporate earnings swung back to positive with upbeat talk from National Semiconductor. The company reported a loss on lower sales, but said there may be signs of recovery on the horizon.

Meanwhile, much of the market's attention was focused on Intel and the company's business update, expected after the market close.

The Nasdaq composite index climbed 46.18 points to 2,263.91. The Dow Jones Industrial Average added 19.85 points to 11,090.09, while the Standard & Poor's 500 index rose 6.92 points to 1,276.95.