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US stocks rose on Thursday, after a sharp drop in oil prices and a jump in shares of computer maker Hewlett-Packard Co that helped lift blue chips and other tech company stocks.
Cheaper oil lifted shares of industrial companies with a big appetite for energy, such as Caterpillar Inc, while it hurt oil companies' stocks. Caterpillar shares rose 1 percent to $69.78 and were the second biggest boost to the Dow Jones industrial average after HP.
The Dow Jones industrial average was up 29.61 points, or 0.26 percent, at 11,356.73. The Standard & Poor's 500 Index was up 3.61 points, or 0.28 percent, at 1,299.04. The Nasdaq Composite Index was up 12.79 points, or 0.60 percent, at 2,162.33.

Copyright Reuters, 2006

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