Stock Prices Rebound For VAR500

By 1:30 p.m., the S&P 500 rose by about 0.7 percent, to 884.41, while the Dow Jones Industrial Average added 45.64, or 0.6 percent, to 8,357.37, and the Nasdaq Composite Index advanced 7.13, or 0.6 percent, to 1,271.97.

Out of 152 VARBusiness 500 companies that are publicly traded, 79 were in positive territory by mid-afternoon Wednesday, outnumbering the 53 that were selling below their opening price for the day.

Some of the biggest movers were Affiliated Computer Systems, which was up close to 5 percent, to $44.08 a share; Convergys, up close to 4 percent, to $17.85 a share; CIBER, up almost 7 percent, to $5.88 a share; Answerthink, up 5.6 percent, to $2.06 a share; and Sapient, up more than 5 percent to $1.22 a share.

The biggest drops were seen by Butler International, down 13.4 percent, to 58 cents a share; En Pointe Technologies, down 9 percent, to 91 cents a share; Covansys, down 8.8 percent, to $2.27 a share; CGI Group, down 6.3 percent, to $4.01 a share; and RWD Technologies, down 5.46 percent, to $2.25 a share.