HP Earnings Help Pull InformationWeek 100 Index Up

Tech issues rallied Wednesday, thanks in large part to a solid earnings report from Hewlett-Packard. Outside of IT, many stocks moved lower.

HP reported after Tuesday's closing bell that profits for its most recent quarter were up 34%. On Wednesday, HP rose 72 cents, or 3.6%, to $20.55. Motorola rose 36 cents, or 1.9%, to $19.36; Cisco also rose 36 cents, or 1.7%, to $21.36; and IBM rose 1.2%, or 99 cents, to $87.05.

The Nasdaq-100 tracking stock fell 4 cents, or .1%, to $34.69, on heavy volume of 141 million shares.

For the day, the InformationWeek 100 rose 2.1 points, or .7%, to 304.06, and the Nasdaq rose .35, or .02%, to 1,898.17.

Less tech-heavy indexes finished down slightly. The Dow Jones industrials fell 30.8 points, or .3%, to 9,937.71 and the S&P 500 fell 2.81, or .3%, to 1,088.68.

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.