TECH STOCKS: More Big Gains - InformationWeek

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05:18 PM

TECH STOCKS: More Big Gains

The tech sector was strong, thanks in part to analyst upgrades of Yahoo, which rose 5.4%.

Our indexes continued their rally Wednesday, in large part because of bargain hunting following last week's losses.

The tech sector was strong, thanks in part to analyst upgrades of Yahoo, which rose 5.4%, or $2.28, to $44.85. Red Hat rose 2.5%, or 44 cents, to $18.37; Intel rose 2.3%, or 63 cents, to $27.79; Cisco rose 1.7%, or 38 cents, to $23.50; Apple rose 1.4%, or 37 cents, to $25.19; and Oracle rose 1.3%, or 15 cents, to $11.85. The Nasdaq-100 tracking stock rose 1.6%, or 55 cents, to $35.50, on volume of 91.5 million shares.

For the day, our InformationWeek 100 rose 2.1%, or 6.64 points, to 319.78; and the Nasdaq index rose 1.7%, or 33.67 points, to 1,976.76. The Dow was up 1.1%, or 115.63, to 10,300.3; and the S&P 500 rose 1.1%, or 13.05 points, to 1,123.75.

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