Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Stocks march forward at open

Technology developments lift markets as trading begins.

Subscribe to Markets
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

NEW YORK (CNNMoney.com) -- Stocks rose at the start of trading Thursday, with investors taking heart from developments in the tech sector.

The Dow Jones industrial average rose 0.3%. The Nasdaq composite index gained 0.7%. The Standard & Poor's 500 index was 0.3% higher.

In the news Thursday:

Cisco Systems: Citigroup upgraded the biggest U.S. maker of computer-networking equipment to "Buy' from '"Hold." Stock (CSCO, Fortune 500)

Research in Motion: The BlackBerry maker raised its outlook for fourth-quarter subscriber additions by about 15% to 20%, citing the popularity of smartphones throughout the holiday selling season. Stock (RIMM)

Google: The company will begin storing the medical records of a few thousand people as it tests a long-awaited health service that's likely to raise more concerns about the volume of sensitive information entrusted to the Internet search leader. Stock (GOOG, Fortune 500)

J.C. Penney: The department store retailer said its fourth-quarter profit fell 10% due to a shorter quarter. Stock (JCP, Fortune 500)

British Airways: Passengers face the prospect of major disruptions after the airline's pilots voted for strike action that could effectively ground the airline worldwide. Stock (BAIRY)

Jobless claims: The number of newly laid off workers filing claims for unemployment benefits fell last week, but the larger-than-expected drop was seen as only a temporary improvement. To top of page

Photo Galleries
This Indian university cranks out top-tier tech execs Many graduates from the Indian Institute of Technology have gone on to start and lead global tech companies. Here are a few of the most notable alums. More
Most valuable American car up for auction Carroll Shelby's own very first Shelby Cobra will be sold in August. It's almost certain to be the most valuable American car ever sold. More
Kilts business wants to end "tyranny of trousers" for men Utilikilts founder Steven Villegas wants utility kilts to replace pants as mainstream menswear. More