On another quiet late-summer day, investors ignored some bad economic news.
Stock prices ended mixed, and essentially flat, on Wednesday despite some glum economic news. After a few days of declining prices, light crude rose to $43.90 a barrel in October, a rise of $1.78. And the Institute of Supply Management's manufacturing index came in at 59.0 in August, lower than analysts' expectations.
"The market really needs to see some positive economic statistics, and we haven't been getting them lately," Brian Williamson, an equity trader at The Boston Company Asset Management, told The Associated Press. "The next few days are going to be critical to see where we stand, and to see whether or not we're in an economic soft patch ... or if we're in a slump."
The InformationWeek 100 index rose 2.61, or 0.9%, to close at 281.80, while the Nasdaq composite rose 12.31, or 0.7%, to 1,850.41. The Dow fell 5.46 to close at 10,168.46; the S&P 500 rose 1.67, or 0.2%, to rest at 1,105.91.
The Nasdaq 100 tracking stock closed at $34.27, up 25 cents, or 0.7%, on average volume of about 96 million shares.
See the full listing of all the companies in the InformationWeek 100 and the top 5 percentage winners and losers for the last closing at informationweek.com/stocks.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.
Top IT Trends to Watch in Financial ServicesIT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Join us for a roundup of the top stories on InformationWeek.com for the week of September 18, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."