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The quarterly earnings season is off to strong start. Of the 83 companies in the S&P 500 that have reported through Tuesday, 54 have beaten Wall Street’s estimates, according to S&P Capital IQ.

In the bond market, the yield on the benchmark 10-year Treasury note dipped to 1.83 percent from 1.84 percent late Tuesday.

Among other companies posting quarterly earnings:

• Advanced Micro Devices jumped 11 percent, making it the top stock in the S&P 500. The world’s second-largest maker of microchips, behind Intel, posted a smaller loss and higher revenue than analysts had forecast. AMD rose 28 cents to $2.73.

• Coach plunged 16 percent, or $9.93, to $50.75. The luxury handbag maker said a challenging economy and heavy price-cutting by competitors weighed on its results. Rivals such as Michael Kors have attracted more followers.

• McDonald’s Corp. eked out a higher quarterly profit with the help of its Dollar Menu and the McRib sandwich. The world’s biggest hamburger chain plans to roll out new menu items this year to support sales, including the Fish McBites. McDonald’s inched up 53 cents to $93.48.