Business & Finance
News
3/25/2004
05:41 PM
50%
50%

TECH STOCKS: 3.5% Gain For The InformationWeek 100

Without any apparent impetus, Wall Street mounted an impressive rally Thursday.

Without any apparent impetus, Wall Street mounted an impressive rally Thursday, recouping the week's earlier losses. The charge was led by the Nasdaq's 3% rise and a gain of 1.7% for the Dow Jones industrial average.

Government reports on unemployment claims, gross domestic product, and existing-home sales were in line with expectations, yet investors in an oversold market found reason to snatch up stocks, driving up prices in just about every major sector.

Technology issues were healthy across the board, led by significant gains for the biggest vendors. Cisco Systems rose 91 cents, or 4%, to 23.58; Intel rose $1.26, or 4.8%, to $27.79; Microsoft rose 78 cents, or 3.2%, to $25.19; Red Hat rose $2.37, or 11.8%, to $22.38; Siebel Systems rose 77 cents, or 7.3%, to $11.27; and Yahoo rose $2.44, or 5.5%, to $46.94. Meanwhile, the Nasdaq-100 tracking stock was up 92 cents, or 2.7%, to $35.34, on heavy volume of 141.5 million shares.

Our InformationWeek 100 index posted the biggest percentage gain among the indexes, rising 10.9 points, or 3.5%, to 320.72, outpacing the Nasdaq, which rose 57.69 points, or 3%, to 1,967.17. The Dow rose 170.59 points, or 1.7%, to 10,218.82; and the S&P 500 rose 17.95 points, or 1.6%, to 1,109.28.

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.

Comment  | 
Print  | 
More Insights
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest, Nov. 10, 2014
Just 30% of respondents to our new survey say their companies are very or extremely effective at identifying critical data and analyzing it to make decisions, down from 42% in 2013. What gives?
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of November 9, 2014.
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.