Wall Street's leading stock measures rose sharply yesterday as big-name technology stocks rallied for a second day and energy shares rose amid hopes for a rebound in oil prices.

The Dow Jones industrial average rose 117.33 to 8,828.46. Broader indexes also posted big gains, with the technology-heavy Nasdaq composite rising more than 2 per cent.

IBM rose sharply as the Dow's strongest component for a second straight day.

Hewlett-Packard, the Dow's other technology issue, also posted a sizable gain.

Microsoft's shares soared after a federal court threw out a preliminary injunction - granted under the federal antitrust suit against the software maker - that had barred the company from packaging its Internet browser with its popular Windows operating system.

Among other leading technology names, Intel and Dell Computer rose sharply as the two most active Nasdaq issues after Microsoft.