Business & Finance
04:54 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: Jump In Consumer Confidence Boosts Markets

The markets bounced back after a Conference Board report showed consumer confidence rose in August from July.

Stocks bounced back from earlier losses Tuesday following the release of good news on consumer confidence. The Conference Board reported that its monthly check of consumers' attitude rose to 81.3 in August from July's 77.0. Analysts say consumers, while uneasy about the dearth of jobs and current state of the economy, are still bullish on the future economic outlook.

All the major markets ended up after a light day of trading. The Dow rose 22.81 points, or 0.2%, to close at 9,340.45. The Nasdaq composite index rose 6.33 points, or 0.4%, to close at 1,770.65. The S&P 500 rose 3.02 points, or 0.30, to end at 996.73. The Nasdaq-100 tracking stock closed at $32.54, up 3 cents, or 0.1% for the day on light volume of 79 million shares. Our InformationWeek 100 rose 1.18 points, or 0.4%, to close at 269.41.

Despite the good consumer-sentiment news, analysts say the rebound may have been more about market technicalities. "With this light of volume, it's easy to have these intraday trend levels change," Chris Johnson, manager of quantitative analysis at Schaeffer's Investment Research in Cincinnati, told The Associated Press. "It takes less buying or selling to change the direction of the market."

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.