IoT
Business & Finance
News
8/28/2003
05:52 PM
50%
50%
RELATED EVENTS
Online Event: Top 4 DevOps Discoveries in 2015
Feb 25, 2016
As business technology becomes increasingly software-centric, optimizing the collaboration between ...Read More>>

TECH STOCKS: The Nasdaq Crosses 1,800

Buoyed by signs of continued economic growth, tech stocks neared or exceeded record highs for the year Thursday.

Buoyed by signs of continued economic growth, tech stocks neared or exceeded record highs for the year Thursday.

The Nasdaq index rose 18.05 points to 1,800.18, its highest level this year and a gain of 1% over yesterday. Our InformationWeek 100 rose 1.3%, closing up 3.58 points, to 277.36.

These gains were fueled partly by a Commerce Department report that the economy grew at an annual rate of 3.1% during the second quarter, stronger than previously expected. Technology bellwethers Advanced Micro Devices and Intel also helped the sector. Their stocks rose 6.6% and 1%, respectively, to $10.92 and $28.30. The Nasdaq-100 tracking stock rose 28 cents, or .9%, to $33.08, not far off its 52-week high of $33.37.

By comparison, blue-chip investors seem to be gearing down for the Labor Day weekend. The Dow Jones rose 40.42 points, or 0.4%, to 9,374.21, while the S&P 500 rose 6.05 points, or 0.6%, to 1,002.84.

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.
Video
Slideshows
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.