Business & Finance
05:15 PM

TECH STOCKS: Moderate Economic Data Eases Rate Fears

Our InformationWeek 100 had the biggest percentage gain, rising 7.6 points, or 2.3%.

All the major indexes ended higher Friday, despite lukewarm economic news. The Labor Department reported Friday that first-time jobless claims rose 17,000 last week, but worker productively slid from 9.5% in the third quarter to 2.9% in the fourth quarter.

The economy created 112,000 new jobs in January, 76,000 in the retail sector.

Our InformationWeek 100 had the biggest percentage gain, rising 7.6 points, or 2.3%, to 332.67, though it was down 0.2% for the week. The Nasdaq also closed higher, rising 44.45 points, or 2.2%, to end at 2,064.01. The S&P 500 rose 14.17 points, or 1.3%, to end the week at 1,142.76. The Dow rose 97.48 points, or 0.9%, to close at 10,593.03.

The Nasdaq-100 tracking stock rose 69 cents, or 1.9%, to close at $36.47 on higher-than-normal volume of nearly 107 million shares.

Comment  | 
Print  | 
More Insights
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest August 03, 2015
The networking industry agrees that software-defined networking is the way of the future. So where are all the deployments? We take a look at where SDN is being deployed and what's getting in the way of deployments.
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.