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There's Life In Those Indexes

News about infrastructure investments by SBC Communications led tech shares, and the markets broadly, on to a rally.
Life returned to the major indexes Wednesday, as strength in tech sectors gave a kick in the rear to what's otherwise been a quiet week on the Street. SBC Communications helped spur the action when it said it would spend $4 billion to $5 billion over the next five years to deploy a high-speed fiber-optic network in neighborhoods. Shares of the telecom company rose 0.8%, or 18 cents, to $24.25.

Other tech issues looked as good or better. Cisco Systems rose 3.2%, or 75 cents, to $23.97; Apple Computer rose 2%, or 70 cents, to $33.70; Texas Instruments rose 2%, or 47 cents, to $24.32; Siebel Systems rose 1.4%, or 15 cents, to $11.05; Nokia rose 1%, or 16 cents, to $14.25; Dell rose 0.5%, or 18 cents, to $35.45; and Verizon rose 0.2%, or 8 cents, to $35.45. The Nasdaq-100 tracking stock rose 1.2%, or 44 cents, to $37.12, on volume of 93.7 million shares.

At the closing bell, our InformationWeek 100 was up 1.7%, or 5.33 points, to 319.18, and the Nasdaq index had risen 1.4%, or 26.83 points, to 2,020.98. The Dow rose 0.8%, or 84.50 points, to 10,479.57; and the S&P 500 rose 0.9%, or 9.65 points, to 1,144.06.

See the full listing of all the companies in the InformationWeek 100 and the top 5 percentage winners and losers for the last closing at informationweek.com/stocks.

Editor's Choice
Brian T. Horowitz, Contributing Reporter
Samuel Greengard, Contributing Reporter
Nathan Eddy, Freelance Writer
Brandon Taylor, Digital Editorial Program Manager
Jessica Davis, Senior Editor
Cynthia Harvey, Freelance Journalist, InformationWeek
Sara Peters, Editor-in-Chief, InformationWeek / Network Computing