U.S. stocks rose on Wednesday after strong earnings from technology company Jabil Circuit Inc. and bullish comments by the chief executive of Cisco Systems Inc., which offset negative earnings news from Ford Motor Co. But record-high oil prices remain a major concern for stock investors, and weekly government data on U.S. inventories due later Wednesday morning will be carefully watched, according to Reuters. "The markets still have a strong head of steam," Steve Goldman, market strategist, Weedon & Co., said. "The gains have been broad-based and most sectors have participated. We're continuing to see bond yields drift lower, which is helping to build a bit of a foundation for stocks and give support on any pullback." The Dow Jones industrial average was up 22.56 points, or 0.21 percent, at 10,622.23. The Standard & Poor's 500 Index was up 3.57 points, or 0.29 percent, at 1,217.18. The technology-laced Nasdaq Composite Index was up 5.97 points, or 0.29 percent, at 2,097.04. Contract electronics maker Jabil late Tuesday posted higher income in its fiscal third quarter and lifted its outlook for the rest of 2005. Its shares rose 6.2 percent to $30.20 --More 2017 Local Time 1717 GMT
