Consumer confidence, according to Washington, rose to its highest level in six months, and the news helped spark a surge Tuesday. Strong demand for new home sales--up 1.7% in April--also helped put the bulls in control. Technology and biotech contributed heavily to Tuesday's gains.
Our InformationWeek 100 rose 3.5%, or 7.98 points, to 236.96. The Nasdaq rose 3.1%, or 46.6 points, to 1,556.69. The Dow Jones rose 2.1%, or 179.97 points, to 8,781.35, and the S&P 500 rose 2%, or 18.26 points, to 951.38. The Nasdaq-100 (QQQ) closed at $29.10, up 3.6%, or $1. Trading of the index stock was a healthy 101 million shares.
The Business of Going DigitalDigital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.
What The Business Really Thinks Of IT: 3 Hard TruthsThey say perception is reality. If so, many in-house IT departments have reason to worry. InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business views IT's performance in delivering services - and, more important, powering innovation. The news isn't great.