Greenspan's Words Quiet Wall StreetGreenspan's Words Quiet Wall Street

Wednesday proved to be a quiet one for U.S. markets as traders played it cool following Fed chief Alan Greenspan's testimony before Congress' Joint Economic Committee.

Greenspan told the panel that he was guardedly optimistic about a recovery in the second half of the year.

Siebel Systems (SEBL) rose 1.5%, or 13 cents, to $8.66; Amazon (AMZN) rose 0.9%, or 27 cents, to $31.75; IBM (IBM) rose 0.5%, or 41 cents, to $86.18; eBay (EBAY) fell 0.7%, or 69 cents, to $97.06; Cisco Systems (CSCO) fell 1.8%, or 29 cents, to $15.70; and Microsoft (MSFT) fell 2.4%, or 60 cents, to $24.03. Cisco's decline came after an investment bank lowered its rating on the company's stock.

The information 100 rose 0.96 points, or 0.4%, to 224.11. The Nasdaq-100 Index tracking stock fell 0.3%, or 8 cents, to $27.69, on volume of 63.4 million shares. The larger Nasdaq index fell 0.1%, or 1.22 points, to 1,489.87.

Less tech-heavy indexes liked Greenspan's words better than the Nasdaq. The Dow Jones industrials rose 0.3%, or 25.07 points, to 8,516.43, and the S&P 500 rose 0.4%, or 3.69 points, to 923.42.