Business & Finance
05:17 PM
The Analytics Job and Salary Outlook for 2016
Jan 28, 2016
With data science and big data top-of-mind for all types of organizations, hiring analytics profes ...Read More>>

TECH STOCKS: Hearing No Ill, Shares Soar

A tentative first half of the day gave way to a significant rally Monday.

A tentative first half of the day gave way to a significant rally Monday. If there was consensus on what caused the rise (and one would be hard pressed to find that consensus), it seems to be that investors will keep buying as long as there are no surprises in earnings and the economy. Today's trading appears to bear that out.

All of our indexes hovered around their opening levels for hours--the Nasdaq was actually underwater--until investors figured out Monday would be a good-news day. Then, boom, big increases on relatively light volumes.

The Nasdaq Composite rose 1.41%, or 29.96 points, to 2,153.83. Our InformationWeek 100 nipped just behind, rising 1.39%, or 4.77 points, to 347.21. The Dow industrials rose 1.27%, or 134.22 points, to 10,702.51, and the S&P 500 rose 1.21%, or 13.82 points, to 1,155.37.

The Nasdaq-100 tracking stock rose 1.53%, or 58 cents, to close at $38.59, on moderate trading of 82.6 million shares. We cite the Nasdaq-100 as a more-targeted way of understanding how individual tech shares fared.

Comment  | 
Print  | 
More Insights
Register for InformationWeek Newsletters
White Papers
Current Issue
How to Knock Down Barriers to Effective Risk Management
Risk management today is a hodgepodge of systems, siloed approaches, and poor data collection practices. That isn't how it should be.
Twitter Feed
InformationWeek Radio
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.