In case you've been living in a spider hole for the last several weeks, you expected the Fed to increase short-term interest rates a quarter-percent. Well, so did the markets.
There. That didn't hurt so much, did it? The Fed boosted the benchmark federal funds rate by a quarter of a percentage point after more foreshadowing than an Orson Welles movie, and indexes actually closed up.
Our InformationWeek 100 was way up, in fact. It rose 1.4%, or 4.34 points, to 325.88. Next was the Nasdaq, which rose 0.6%, or 12.86 points, to 2,047.79. The S&P 500 rose 0.4%, or 4.64 points, to rest at 1,140.84, and the Dow rose 0.2%, or 22.05 points, to 10,435.48.
The Nasdaq-100 tracking stock rose a percent, or 37 cents, to $37.74 on volume of 98 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.