On Wednesday, U.S. stocks rebounded as tech shares shot up due to increased optimism regarding economic growth and business spending, boosting the Nasdaq to its highest level since early 2001, Reuters reports via Yahoo News.Preceding the company’s addition to the S&P 500, Google’s shares jumped, and Microsoft’s ongoing antitrust tribulations with the European Union (EU) helped to bump up Apple Computer, after the EU warned the Redmond, Wash.-based software giant of potential antitrust issues with its new operating system, Vista, according to Reuters.Every major industry sector was up on Wednesday, Reuters reports.The Nasdaq index reached an important technical level at 2,333, its highest since February 2001, further accelerating the gains, according to Reuters. Apple was the top positive influence of the Nasdaq 100, with shares gaining 6.2 percent as a result of the EU’s concerns regarding Vista, Reuters reports. Apple’s stock closed at $62.33, up $3.62 from $58.71, according to Reuters.Index fund managers raced to buy Google shares before its addition to the S&P 500 on Friday, sending shares up 4.7 percent, or $17.78, to $394.98 at Nasdaq closing on Wednesday, Reuters reports. Brokerage Cowen & Co. issued “outperform” ratings to wireless technology makers, including Qualcomm and Motorola, causing Qualcomm’s Nasdaq stock to bump up 2.8 percent, or $1.36, to $50.72, and leading Motorola’s New York Stock Exchange shares to jump 3.8 percent, or 84 cents, to $22.78, according to Reuters.Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by Freshworks When your AI chatbots mess up AI ‘hallucinations’ present significant business risks, but new types of guardrails can keep them from doing serious damage By Paul Gillin Dec 08, 2023 4 mins Generative AI brandpost Sponsored by Dell New research: How IT leaders drive business benefits by accelerating device refresh strategies Security leaders have particular concerns that older devices are more vulnerable to increasingly sophisticated cyber attacks. By Laura McEwan Dec 08, 2023 3 mins Infrastructure Management case study Toyota transforms IT service desk with gen AI To help promote insourcing and quality control, Toyota Motor North America is leveraging generative AI for HR and IT service desk requests. By Thor Olavsrud Dec 08, 2023 7 mins Employee Experience Generative AI ICT Partners feature CSM certification: Costs, requirements, and all you need to know The Certified ScrumMaster (CSM) certification sets the standard for establishing Scrum theory, developing practical applications and rules, and leading teams and stakeholders through the development process. By Moira Alexander Dec 08, 2023 8 mins Certifications IT Skills Project Management Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe