Technology stocks shook off early losses to close higher yesterday after a Goldman Sachs analyst said IBM was expected to have a strong year.
The rosy prospects for IBM helped pull investors off the sidelines, where they had been fitfully awaiting the ruling on Microsoft.
The Dow Jones industrial average rose 77.29, or 0.7 per cent, to 10,812.86, while the Nasdaq composite index rose 82.89, or 2.2 per cent, to 3,839.26. Both indexes recovered from early declines.
The Standard and Poor's 500 rose 13.52 to 1,471.36.
Advancing issues outnumbered decliners by a six-to-five margin on the New York Stock Exchange, with 1,604 up, 1,323 down and 493 unchanged.
NYSE volume totalled 840.19 million shares, against 936.15 million in the previous session.
The Russell 2000 index of smaller companies rose 4.89 to 516.54.
