US stocks rose on Wednesday, boosted by stronger-than-expected quarterly results from technology bellwether Cisco Systems Inc and entertainment company The Walt Disney Co. The Nasdaq shot up more than 1 percent, buoyed by shares of Cisco.
The stock was up 15 percent, its biggest daily percentage gain since May 2002, a day after Cisco's chief executive said the network equipment maker's momentum remains strong.
The Dow Jones industrial average was up 52.59 points, or 0.47 percent, at 11,226.18. The Standard & Poor's 500 Index was up 11.09 points, or 0.87 percent, at 1,282.57. The Nasdaq Composite Index was up 34.81 points, or 1.69 percent, at 2,095.66.