CORRECTED - US STOCKS-U.S. stocks rise on techs, United Tech beats St

                                
 (Corrects to omit erroneous 9th paragraph)
                                
 * Caterpillar, Merck, DuPont, Coca-Cola report results
                                
 * GM to get $5 billion through May
                                
 * Broadcom offers to buy Emulex
                                
 * Dow gains 14, S&P up 3, Nasdaq up 14
                                
 * For up-to-the-minute market news click [STXNEWS/US]
                                
 By Chuck Mikolajczak
                                
 NEW YORK, April 21 (Reuters) - U.S. stocks rose on Tuesday
as a profit from United Technologies Corp <UTX.N> topped
expectations and lifted the Dow, and better-than-expected
results from technology companies offset concerns about
corporate profits and even cloudier outlooks.
                                
 The Nasdaq rose as chipmaker Texas Instruments Inc <TXN.N>
posted a surprise quarterly profit and Broadcom Corp <BRCM.O>
made a bid to buy storage-equipment maker Emulex Corp <ELX.N>.
                                
 "Texas Instruments is helping tech, and that is a sector
people are definitely looking to rotate into," said Kevin
Kruszenski, head of listed trading at KeyBanc Capital Markets
in Cleveland.
                                
 "Number one, it's the early cycle in terms of an economic
recovery and those companies don't have a lot of debt issues
that other ones do, so refinancing and credit risk isn't as big
of a problem for those companies."
                                
 Diversified U.S. manufacturer United Technologies Corp
<UTX.N> reported a 27.8 percent fall in quarterly profit as the
slumping economy crimped demand for its jet engines and air
conditioners. [ID:nN21261703] Shares rose 3.8 percent to $47.55
as profit topped analysts' expectations.
                                
 Caterpillar Inc <CAT.N> shares dropped 4.3 percent to
$29.16 as the top weight on the Dow after the world's No. 1
maker of building equipment posted first-quarter results and
said it will suspend share repurchases. [ID:nWNAB5443]
                                
 Drugmaker Merck & Co Inc <MRK.N>, which plans to buy rival
Schering-Plough Corp <SGP.N> later this year, reported
lower-than expected sales and earnings and cited the global
economic slowdown. [ID:nN21449400]. Shares were off 5 percent
to $23.95.
                                
  The Dow Jones industrial average <.DJI> gained 14.49
points, or 0.18 percent, to 7,856.22. The Standard & Poor's 500
Index <.SPX> rose 3.25 points, or 0.39 percent, to 835.64. The
Nasdaq Composite Index <.IXIC> added 14.13 points, or 0.88
percent, to 1,622.34.
                                
  U.S. stocks had risen for six consecutive weeks, the
longest for the S&P 500 since 2007, and the Dow scored its
biggest percentage gain since 1938.
                                
 After the close on Monday, Texas Instruments reported a
surprise quarterly profit on better-than-expected revenue as
demand for its chips improved in Asia, and gave a
rosier-than-expected outlook for the current quarter.
[ID:nN20403813] Shares slid 2 percent to $16.95 Tuesday.
                                
 On the merger front, chipmaker Broadcom Corp <BRCM.O> said
it made an unsolicited bid for Emulex, with an equity value of
$764 million. [ID:nN21453970]
                                
 Broadcom shares slid 10 percent to $19.56, while Emulex
surged 45 percent to $9.57.
                                
 Chemical maker DuPont Co <DD.N> reported a 59 percent fall
in quarterly earnings, cut its full year 2009 profit forecast
due to weak demand, and said it will reduce costs further.
[nN21414260] Shares rose 3.7 percent to $27.73.
                                
 Soft-drink maker Coca-Cola Co <KO.N> shed 3 percent to
$42.98 after posting first-quarter results that included a 3
percent drop in revenues. [ID:nWNAB5447].
                                
 Shares of General Motors Corp <GM.N> jumped 5 percent to
$1.74 after an independent oversight report on the Treasury
Department's corporate rescue fund said the Obama
administration will make up to $5 billion available to GM
through May and $500 million to Chrysler <CBS.UL> as Chrysler
seeks to reach an alliance with Fiat <FIA.MI>.
                                
 At the close of trading on Friday, the blended growth rate
for the first quarter, which combines actual numbers for
companies that have reported earnings and estimates for
companies that have yet to report, stood at negative 37.4
percent, according to Thomson Reuters data.
 (Reporting by Chuck Mikolajczak; Editing by Theodore
d'Afflisio and Jeffrey Benkoe)