US stocks rose yesterday with blue chips leading the way on strength in cyclical, pharmaceutical and basic material names, but tech shares sagged as investors awaited Intel Corp's quarterly results.

The Dow Jones Industrial average jumped 127.28 points to 10,652.66, according to the latest data, while the technology-heavy Nasdaq Composite Index slipped 7.95 points to close at 2,618.55.

The benchmark Standard & Poor's 500 Index added 7.83 points to 1,326.65.

Year to date, the Dow is down 1.25 per cent, the Nasdaq composite is up 6 per cent and the S&P 500 is better by 0.47 of a per cent. A late-day rally added to the Dow's gains, led by Walt Disney, up $1-1/2, to $33.6-1/4. But this rise was capped by losses in the average's tech names, including International Business Machines, off $1.6-1/4 to $92-3/4.