By Carla Mozee, MarketWatch

LOS ANGELES (MarketWatch) — Intel Corp. shares rose late Tuesday after the chip giant posted quarterly results that came in higher than Wall Street expectations, but shares of MGM Resorts International slumped more than 5% as the company outlined plans to offer stock.

Intel (INTC 19.95, +0.18, +0.91%)  shares rose 1% to trade at $19.96 after the Santa Clara, Calif.-based company posted a third-quarter profit of $2.96 billion, or 52 cents a share, compared with $1.86 billion, or 33 cents a share, in the year-ago period. Revenue was $11.1 billion, marking the first time the company’s quarterly revenue has come in above $11 billion. In the year-ago period, sales were $9.4 billion.

Analysts had expected earnings of 50 cents a share on revenue of $11 billion, according to a consensus survey by Thomson Reuters.

For the current quarter, Intel expects revenue of $11.4 billion, plus or minus $400 million. Wall Street currently expects $11.33 billion in sales. Read full story about Intel.

MGM (MGM 12.81, -0.80, -5.88%) shares fell 5.4% to $12.88 as the casino operator said it’s offering about 69 million common shares, including 27.78 million by its largest stockholder, Tracinda Corp. MGM plans to use the funds for general corporate purposes, including repayment of debt. It won’t receive any proceeds from the sale of stock by Tracinda, it said.

Separately, the company said it expects to report a third-quarter loss of 72 cents a share, compared with a loss of $1.70 a share in the period a year ago. The results include a pre-tax impairment charge related to its investment in the CityCenter project in Las Vegas. MGM also said it received an offer for its 50% interest in Borgata Hotel Casino & Spa, valued at roughly $250 million.

By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) — U.S. stocks ended higher Tuesday as Wall Street embraced what was viewed as a more concrete signal from the Federal Reserve that additional monetary easing is coming.

“Investors are more comfortable now banking on the Fed taking action on Nov. 3. They pretty much clarified it for the market and suggested that the bulk of the FOMC [Federal Open Market Committee] agrees,” said Jeffrey Kleintop, chief market strategist at LPL Financial. “The market was expecting something more wishy-washy.”

The Dow Jones Industrial Average (DJIA 11,020, +10.14, +0.09%) rose 10.06 points, or 0.1%, to end at 11,020.40, with 19 of its 30 components gaining.

By Greg Robb, MarketWatch

WASHINGTON (MarketWatch) — There was a general sense among many Federal Reserve officials that additional monetary-policy easing may be appropriate “before long,” according to a summary released Tuesday of the Sept. 21 discussions.

Members of the rate-setting Federal Open Market Committee viewed recent growth and inflation trends as unsatisfactory.

“Several members noted that unless the pace of economic recovery strengthened or underlying inflation moved back toward a level consistent with the FOMC’s mandate, they would consider it appropriate to take action soon,” the summary said. The release of the minutes helped the S&P 500 Index (SPX 1,170, +4.45, +0.38%) turn higher on the session.Read more about the day’s trading action in Market Snapshot.