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9/29/2003
05:27 PM
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TECH STOCKS: Another Healthy Rally

A rally Monday will mitigate a good portion of last week's sell off.

September is to the stock markets what New Year's Eve is to singles--a hard time to get through. Though probably more myth than reality, September is known as a time of falling indexes. The first two weeks of the month, however, saw some heartening rallies. Then came last week, and, well, our indexes are likely to close out the month down despite a tech-led rally Monday.

The big gainer was our very own InformationWeek 100, which rose 2.1%, or 5.66 points, to close at 276.55. The Nasdaq followed, rising 1.8%, or 32.49 points, to 1,824.56. Rising just shy of 1% was the S&P 500, which was up 9.73 points to 1,006.58. The Dow rose .7%, or 67.16 points, to close at 9,380.24.

A good indicator of how tech shares individually ended, the Nasdaq-100 tracking stock, rose 1.7%, or 56 cents, to close at $33.14. Volume of the stock was a rousing 96.7 million shares.

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