Most U.S. stocks rose, sending the Dow Jones Industrial Average up for a third day, as better-than- estimated earnings at Apple Inc., Morgan Stanley and Boeing Co. overshadowed concern Greece will default on its debt.

Apple surged 6 percent as earnings almost doubled and Chief Executive Officer Steve Jobs promised “more extraordinary products” this year. Morgan Stanley rallied 4 percent, while Boeing Co. jumped 3.9 percent. Drug companies dragged the Standard & Poor’s 500 Index lower as Gilead Sciences Inc. and Abbott Laboratories slumped at least 2.4 percent after saying new health-care laws will hurt sales.

About six stocks gained for every five that fell on U.S. exchanges. The Dow climbed 7.86 points, or 0.1 percent, to 11,124.92 as of 4 p.m. in New York. The S&P 500 slipped 0.1 percent to 1,205.94. The Nasdaq Composite Index rose 0.2 percent to 2,504.61.

(Bloomberg.com)