Markets closed relatively flat, unable to capitalize on news that the third-quarter gross domestic product was revised upward.
Markets closed relatively flat, unable to capitalize on news that the third-quarter gross domestic product was revised upward, to 8.2%, from earlier estimates of 7.2%. The consumer confidence index also rose to 91.7, compared with 81.7 a month ago, according to the Conference Board.
Our InformationWeek 100 index fared better than the Nasdaq did Tuesday. The InformationWeek 100 rose 0.22 points, or 0.07%, to 306.6. The Nasdaq fell 4.1 points, or 0.2%, to close at 1,943.04. The Dow rose 16.15 points, or 0.17%, to close at 9,763.94, while the S&P 500 rose 1.81 points, or 0.17%, to finish the day at 1,053.89.
The Nasdaq-100 tracking stock closed at $35.14, down nearly 4 cents, or 0.11%, on lower-than-average volume of 71 million shares.
The Business of Going DigitalDigital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.
What The Business Really Thinks Of IT: 3 Hard TruthsThey say perception is reality. If so, many in-house IT departments have reason to worry. InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business views IT's performance in delivering services - and, more important, powering innovation. The news isn't great.