Confirmation that U.S. forces killed two of Saddam Hussein's sons sent the markets higher.
Stocks reversed their recent downward trend Tuesday immediately following early reports, and a later confirmation from U.S. Central Command, that two men killed in a six-hour shootout in the northern Iraq city of Mosul are the sons of former dictator Saddam Hussein. Odai and Qusai were ranked Nos. 2 and 3 on the U.S. most-wanted list in Iraq.
All major markets ended up for the day. The Dow Jones industrials rose 61.76 points, or 0.7%, to close at 9,158.45. The Nasdaq composite index rose 24.61 points, or 1.5%, to close at 1,706.02. The S&P 500 rose 9.30 points, or 0.95%, to end at 988.10.
The Nasdaq-100 tracking stock closed at $31.31, up 43 cents, or 1.4%, for the day on moderate volume of 80 million shares. Our InformationWeek 100 rose 4.73 points, or 1.9%, to close at 253.02.
"The market is celebrating a bit," Arthur Hogan, chief market analyst at Jefferies & Co., told The Associated Press. "One of the major pieces of background noise [in the market] was the disappointment that we don't have clear evidence of weapons of mass destruction [by Iraq] or clear evidence that we have Saddam Hussein or any of his direct relatives."
How Enterprises Are Attacking the IT Security EnterpriseTo 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.
Infographic: The State of DevOps in 2017Is DevOps helping organizations reduce costs and time-to-market for software releases? What's getting in the way of DevOps adoption? Find out in this InformationWeek and Interop ITX infographic on the state of DevOps in 2017.
IT Strategies to Conquer the CloudChances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.