Wall Street staged a midday rally Thursday, reversing two days of losses, as upbeat earnings from the banking sector and strong technical support at 1,990 in the S&P 500 helped offset better-than-expected inflation and jobless claims data. Corporations scheduled to report earnings on Friday includes General Electric ( GE ), Sun Trust Banks ( STI ) and Honeywell (HON). The economic data seemed benign enough to keep the Fed from hiking rates this year, even though core-CPI rose a better-than-expected 0.2% in September, and initial jobless claims fell 7,000 to a 42-year low.