Our indexes closed little changed Thursday despite some great economic news.
Our indexes closed little changed Thursday despite some great economic news. The U.S. Department of Commerce announced that the gross domestic product grew 7.2% in the third quarter, more than double the rate in the second quarter and the fastest rate in 20 years. That news spurred an early burst of trading, but not much else.
Tech stocks were mixed. Microsoft fell 2.3%, or 62 cents, to $26.12; Motorola fell .9%, or 12 cents, to $13.75; Intel rose .3%, or 9 cents, to $32.89; and Oracle rose 2.5%, or 30 cents, to $12.19. The Nasdaq-100 tracking stock fell .2%, or 7 cents, to $35.59.
For the day, the Nasdaq index fell .2%, or 3.87 points, to 1,932.69; and the InformationWeek 100 rose .16%, or 48 cents, to 303.31. Less tech-heavy indexes also were mixed. The Dow rose .1%, or 12.08 points, to 9,786.61, and the S&P 500 fell .1%, or 1.17 points, to 1,046.94.
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.