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3/4/2003
02:07 PM
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Tech Stocks: The Surge Continues

Economic indicators are fueling hopes of a long-awaited recovery.

Major indexes continued their weeklong surge Wednesday as a handful of economic indicators continued to fuel hopes of a long-awaited economic recovery.

VA Software (LNUX) rose 6.2%, or 9 cents, to $1.54; Oracle (ORCL) rose 4.8%, or 61 cents, to $13.26; Nokia (NOK) rose 4.3%, or 73 cents, to $17.76; Dell Computer (DELL) rose 3.9%, or $1.18, to $31.19; Hewlett-Packard (HPQ) rose 3.8%, or 70 cents, to $19.38; Siebel Systems (SEBL) rose 3.1%, or 28 cents, to $9.45; and PeopleSoft (PSFT) rose 1.98%, or 31 cents, to $15.98.

As a result of those high-flying tech issues, the InformationWeek 100 rose 1.1%, or 2.51 points, to 239.47. The Nasdaq-100 Index tracking stock rose 0.3%, or 9 cents, to $29.19; volume was 75.8 million shares. The Nasdaq index rose 0.4%, or 6.55 points, to 1,563.24, its highest point in just under a year.

Less tech-heavy indexes posted smaller gains. The Dow rose 0.1%, or 11.77 points, to 8,793.12, and the S&P 500 rose 0.2%, or 1.74 points, to 953.22.

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