TECH STOCKS: Bouncing Back - InformationWeek
IoT
IoT
Business & Finance
News
9/23/2003
05:31 PM
50%
50%
RELATED EVENTS
[Cybersecurity] New Methods for Managing the Skills Shortage
Jun 06, 2017
In this webinar, security experts discuss methods for doing better security with fewer people, inc ...Read More>>

TECH STOCKS: Bouncing Back

The markets rebounded after two days of losses, as investors bet on better times despite a discouraging forecast by Verizon.

Stocks bounced back Tuesday after two days of declines, as investors betting on better times nibbled on tech issues. But a downbeat forecast from Verizon, the nation's largest telephone company, kept a damper on buyers' enthusiasm.

Verizon's shares fell $1.58, or 4.6%, to $33.13, after it projected that 2003 earnings would fall short of Wall Street forecasts, in part because of costs of new labor pacts and weak demand for its services. Two other carriers, SBC Communications and AT&T, both Dow components, were also hit by Verizon's news and ended the day lower.

Our InformationWeek 100 regained more than half of its 2.2% loss from Monday, rising 1.2%, or 3.53 points, to close at 290.01. The Nasdaq Composite also regained most of its Monday loss of 1.6%; it rose 1.5%, or 27.10 points, to 1,901.72.

The Dow industrials and the S&P 500 also made up some lost ground. The Dow rose 0.4%, or 40.63 points, to close at 9,576.04. The S&P 500 rose 0.6%, or 6.22 points, to 1,029.03. The Nasdaq-100 tracking stock rose 60 cents, or 1.8%, to $34.52.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of Data and Analytics
Today's companies are differentiating themselves using data analytics, but the journey requires adjustments to people, processes, technology, and culture. 
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 6, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."
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.
Flash Poll