Stock Markets Shrug Off Terror Threat - InformationWeek
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8/2/2004
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Stock Markets Shrug Off Terror Threat

Good news from the manufacturing sector offset renewed warnings of terrorist attacks in some key financial facilities.

After trading lower for much of the day, all of the major indexes closed higher Monday despite renewed warnings of terrorist attacks in the Manhattan financial district, northern New Jersey, and parts of Washington.

Also, good news in the manufacturing sector continues to roll in. The latest report from the Institute of Supply Management, known as the ISM index, came in at 62.0, compared with 61.1 in June. An ISM index of more than 50 means the manufacturing segment of the economy is growing.

Our InformationWeek 100 was the only one of our tracked indexes to fall Monday. It fell 0.74 of a point, or 0.3%, to end the day at 286.72.

The Nasdaq rose 4.73 points, or 0.3%, to 1,892.09. The Dow industrials rose also 39.45 points, or 0.4%, to 10,179.16. And the S&P 500 rose 4.90 points, or 0.4%, to end the day at 1,106.62. The Nasdaq-100 tracking stock rose 7 cents to $34.96, although volume was much lower than average at just over 81 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.

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