Updated from 3:33 p.m. EST

Widely held tech stocks staged a modest rally along with the broader market Wednesday, with the Nasdaq rising 2.5%.

Shares of Qualcomm ( QCOM) were up 3.9% to $34.74 after a federal court dismissed three class-action lawsuits against the company. A judge said the alleged injuries in the cases, which accused Qualcomm of antitrust violations and unfair competition, could not be traced to actions by the company. Qualcomm's share also got a lift Tuesday after the telco boosted its quarterly dividend by 6%.

Elsewhere:
  • Shares of Yahoo! (YHOO) rose 5.3% to $13.16.
  • Microsoft (MSFT) rose 1.5% to $16.12.
  • IBM (IBM) was up 2% to $89.49.
  • Texas Instruments (TXN) was rising 4.6% to $14.85.
  • Google (GOOG), the CEO of which proclaimed the state of the economy "pretty dire" following an announcement that the company's top executives earned $6.3 million in bonuses, saw its shares fall 2% to $318.92.
  • Research In Motion (RIMM) rose 6.7% to $40.49
  • Palm (PALM) was down 4.3% to $7.06.
  • Nokia (NOK) was up 2.3% to $9.44.
  • Apple (AAPL) was up 3.2% to $91.17.
  • Hewlett-Packard (HPQ) was up 1.7% to $28.65.
  • Dell (DELL) was down 3% to $8.88.
  • Cisco (CSCO) was up 6% to $15.25.
  • If you liked this article you might like

    Facebook and Snap Have One Issue That Will Have to Be Solved: Peter Bonfield

    10 Biggest Takeaways from Apple's iPhone X Event

    Google Pixel 2 Debuting October 4, FYI Apple

    The iPhone X Highlights This Overlooked Strength of Apple's

    Arconic, Idexx Laboratories, AbbVie: 'Mad Money' Lightning Round