TECH STOCKS: Only Dow Misses Out On Big Upward Swing
Buoyed by positive economic news, our indexes ended higher Tuesday, with tech shares doing best. Trading was light on the last full day of trading until Friday.
Our indexes closed higher on light Tuesday trading. Positive, though not surprising, economic news helped most of our indexes close way up.
The Commerce Department confirmed Tuesday that the country's gross domestic product grew at 8.2% for the third quarter, which is the highest bump in GDP since 1983. The department also reported that incomes rose .5% and that consumer spending rose .4% last month.
Our InformationWeek 100 rose 1.1%, or 3.25 points, to rest at 311.23. The Nasdaq Composite Index rose 1%, or 18.98 points, to 1,974.78. The S&P 500 index rose 3.1%, or 3.08 points, to 1,096.02. On the lackluster side, the Dow Jones Industrials Average ended .03%, 3.26 points higher, closing at 10,341.26. The Dow's still up more than 19% this year, its highest level since May 2002.
The Nasdaq-100 tracking stock closed up .4%, or 35 cents, to $35.57, on light volume of 66 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.