Optimism Continues to Spread Through Net Sector

Positive earnings and research reports are helping to nudge stocks higher.
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Technology stocks were -- surprise! -- soaring once again as positive earnings and research reports powered the already optimistic sector.

TheStreet.com Internet Sector

index was rocking 30.1, or 3.3%, to a record 932.4 powered by

CMGI

(CMGI)

. Its stock rose 4 7/8 to 129 5/8, as it carried over the strength of yesterday's upbeat comments from

Prudential Securities

, which slapped a 186 price target on the stock.

BroadVision

(BVSN) - Get Report

was also a big contributor to the DOT's gains, lifting 2 15/16 to 90 15/16.

Bellwether

America Online

(AOL)

was up 3 1/16 to 158 11/16.

The tech-infused

Nasdaq Composite Index

was on a tear again, rising 34.7, or 1.1%, to 3304, on course for another record close.

Citrix Systems

(CTXS) - Get Report

was popping 17 9/16, or 21.5%, to 99 5/8, after

Credit Suisse First Boston

jacked up its price target to 145 from 83 and said the Internet software maker was on track to exceed earnings expectations.

Cisco

(CSCO) - Get Report

was rising 1 13/16 to 86 9/16 on news it is in talks to acquire 30% of

Italtel

, the telecommunications-systems maker 50%-owned by

Telecom Italia

(TI)

and 50% by

Siemens

.

Hewlett-Packard

(HWP)

was providing some leadership, as investors bid the price of the stock up 11 1/4, or 13.9%, to 92 3/16, after an upside

earnings report last night. Never mind that CEO Carly Fiorina cautioned H-P is not out of the woods just yet.

H-P spinoff

Agilent Technologies

(A) - Get Report

was getting a warm Wall Street welcome on its first day of trading, with shares jumping 12 3/16, or 40.6%, to 42 1/4, after being priced last night at $30 a share.

The Street.com E-Finance

index was rising 4 1/32, or 4.9%, to 86 3/16, while

TheStreet.com E-Commerce

index was gaining 3.31, or 2.7%, to 124.52.

Charles Schwab

(SCH)

was gaining 2 1/8, or 4.9%, to 44, while

E*Trade

(EGRP)

was up 1 5/16 to 36 5/16.