Buying on early reports, if not on rumors, investors pushed our indexes much higher Monday.
Buying on early reports, if not on rumors, investors pushed our indexes much higher Monday. According to published reports, the ratio between earnings warnings and positive revisions is unusually lopsided in favor of higher earnings. It will be interesting if investors sell on news of the happy corporate coffers.
Our InformationWeek 100 index led the way, rising 1.9%, or 6.01 points, to 326.81, and the Nasdaq Composite came in a close second. It closed up 1.7%, having risen 32.55 points, to 1,992.57. The S&P 500 rose 1.3%, or 14.4 points, to 1,122.46. The Dow rose 1.1%, or 116.66 points, to 10,329.63.
Trading of the Nasdaq-100 tracking stock was off a bit, with 90 million shares changing hands, but it, too, rose. It closed up 1.4%, or 49.4 cents, to $35.414.
IT's Reputation: What the Data SaysInformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business really views IT's performance in delivering services - and, more important, powering innovation. Our results suggest IT leaders should worry less about whether they're getting enough resources and more about the relationships they have with business unit peers.
What The Business Really Thinks Of IT: 3 Hard TruthsThey say perception is reality. If so, many in-house IT departments have reason to worry. InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business views IT's performance in delivering services - and, more important, powering innovation. The news isn't great.
InformationWeek Must Reads Oct. 21, 2014InformationWeek's new Must Reads is a compendium of our best recent coverage of digital strategy. Learn why you should learn to embrace DevOps, how to avoid roadblocks for digital projects, what the five steps to API management are, and more.