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Strong corporate earnings push stocks higher

NEW YORK — Stronger profits from Microsoft, McDonald's and other major U.S. corporations are pushing stocks higher in midday trading. Optimism from Europe is helping brighten the mood.

The Dow Jones industrial average is up 105 points to 13,069.

Before the market opened Friday, McDonald's said that quarterly profits rose 5 percent, buoyed by warm weather and sales of new menu items like Chicken McBites and oatmeal. Its stock gained 1.9 percent.

Microsoft is up 5.4 percent. The tech giant posted quarterly earnings and revenue late Thursday that beat analysts' projections.

In other trading, the Standard & Poor's 500 index added eight points to 1,385. The Nasdaq composite index rose 19 points to 3,027.

All three indexes appear headed for weekly gains. The Dow is up 1.7 percent for the week.