CISCO JUMPS: Technology stocks rose Wednesday after the CEO of Cisco Systems Inc. promised to take "bold steps" to narrow the company's focus. Cisco rose 5 percent, the most of any company in the Dow Jones industrial average.
MORE OIL: Energy companies fell. The Energy Information Administration said U.S. crude supplies grew more than expected last week, rising by 2 million barrels, much more than analysts expected.
THE INDEXES: The Dow Jones industrial average rose 33 points to 12,426. The S&P 500 rose 3 points to 1,335. The Nasdaq composite rose 8, or 0.3 percent, to 2,799.