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.
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.