TheStreet.com 21 ended Wednesday up 18.83 points, or 1.7%, to 1103.57 after having gained 25 points in the previous session. Thirteen of the 21 components ended higher, while eight member companies closed lower.

The index, which was created to predict the direction of the economy, passed 1100 for the first time since its inception on July 3. The index is now up 103.57 points, or 10.1%, from its starting point at 1000.

The

Dow Jones Industrial Average

rose 45.19 points, or 0.5%, to 9568.46, and the

Nasdaq

gained 11.42 points, or 0.6%, to 1852.90. The indices were helped by the

Federal Reserve's

announcement that its latest Beige Book data signaled an improved economy over the summer.

Among the TSC 21 components,

Continental

(CAL) - Get Caleres, Inc. Report

jumped 99 cents, or 6%, to close at $17.49.

Cisco's

(CSCO) - Get Cisco Systems, Inc. Report

shares rose 67 cents, or 3.4%, to $20.26 after CEO John Chambers reportedly said that August orders were better than expected.

Solectron

(SLR)

gained 17 cents, or 2.8%, to $6.26 on news that coverage of the stock was initiated at Banc of America with a buy rating and a $9 price target.

Other advancers included

Level 3

TheStreet Recommends

(LVLT)

, which rose 17 cents, or 3.3%, to $5.27, and

General Electric

(GE) - Get General Electric Company (GE) Report

, up 68 cents, or 2.2%, at $31.12.

E*Trade

(ET) - Get Energy Transfer, L.P. Report

increased 20 cents, or 2.1%, to close at $9.71.

Meanwhile,

Kohl's

(KSS) - Get Kohl's Corporation (KSS) Report

and

Ingersoll-Rand

(IR) - Get Ingersoll-Rand Plc (IR) Report

lead the day's losers. Kohl's fell $1.49, or 2.3%, to $63, and Ingersoll-Rand dropped $1.08, or 1.8%, to end at $57.77.

Yahoo!

(YHOO)

dropped 62 cents, or 1.8%, to $33.57, despite news that the company got antitrust approval from the Justice Department to buy

Overture Services

(OVER)

. The move brings Yahoo! closer to finishing the $1.63 billion acquisition.