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.
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.
Join us for a roundup of the top stories on InformationWeek.com for the week of April 24, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week!