Strength in chip stocks pushed tech-heavy indexes upward, counteracting a slip in blue chips.
Stock markets had a mixed day Wednesday, as blue chips took a hit and strength in chip stocks helped drive tech-heavy indexes upward. National Semiconductor rose 5.8%, or 1.57 points, to $28.74; Texas Instruments rose 3.6%, or 81 cents, to $23.49; Applied Materials rose 3.3%, or 70 cents, to $21.65; AMD rose 1.4%, or 14 cents, to $10.24; and Intel rose 1.1%, or 31 cents, to $28.02;
At the closing bell, the InformationWeek 100 was up 1.6%, or 4.37 points, to 273.78, and the Nasdaq index was up 0.7%, or 11.49 points, to 1,782.14. The Nasdaq-100 tracking stock rose .77%, or 25 cents, to $32.79, on volume of 46.9 million shares.
Less tech-intensive indexes were essentially unchanged. The Dow fell 0.1%, or 6.66 points, to 9,333.79, and the S&P 500 rose 0.01%, or .06 points, to 996.79.
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.