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Stocks rose Thursday, clinging to the rebound hopes that sparked Wednesday's late-session recovery. The Dow Jones industrial average rose 68 to 10,715, the Nasdaq Composite climbed 28 points, or 1.4 percent, to 2,059, and the Standard & Poor's 500 rose 14 to 1,237. Today's "good news" wasn't much to write home about: Cisco and Corning, two important suppliers of networking products, both said business isn't any worse than they predicted a couple of months ago. That was good enough for a 7.8-percent pop in Cisco shares and an 11.5-percent jump in Corning. Computer networking outperformed all other S&P sectors, posting a 7.1-percent rise, while the broader communication-equipment group gained 5.9 percent. The major indexes climbed despite profit warnings from chip maker Transmeta, storage-software company Verity and test-equipment maker Giga-tronics. Transmeta dove 57 percent, Verity fell 21 percent and Giga dropped 15 percent. But more widely held shares mostly rose. JDS Uniphase jumped 9.7 percent, continuing its comeback from a recent rout. Qualcomm rose 8.4 percent, and Citigroup and Lucent climbed 5.8 percent. Intel, IBM, EMC and Yahoo! all lost ground. MAJOR INDEXES AND VOLUMES * Dow Jones Industrials: 10,715.43, up 68.10 or 0.64% * Dow Jones Transports: 2,711.05, up 45.75 or 1.72% * Dow Jones Utilities: 352.67, down 11.18 or 3.07% * S&P 500: 1,237.04, up 13.90 or 1.14% * NASDAQ Composite Index: 2,058.74, up 27.50 or 1.35% * Russell 2000: 497.82, up 1.96 or 0.40% * FTSE: 5,641.40, down 53.00 or 0.93% * NIKKEI: 12,962.43, up 287.79 or 2.27% * Ten-Year Treasury Note Yield: 5.15%, down 0.06 or 1.15% * NYSE volume (preliminary): 1.47 billion shares * Nasdaq volume (preliminary): 2.12 billion shares