Economic indicators are fueling hopes of a long-awaited recovery.
Major indexes continued their weeklong surge Wednesday as a handful of economic indicators continued to fuel hopes of a long-awaited economic recovery.
VA Software (LNUX) rose 6.2%, or 9 cents, to $1.54; Oracle (ORCL) rose 4.8%, or 61 cents, to $13.26; Nokia (NOK) rose 4.3%, or 73 cents, to $17.76; Dell Computer (DELL) rose 3.9%, or $1.18, to $31.19; Hewlett-Packard (HPQ) rose 3.8%, or 70 cents, to $19.38; Siebel Systems (SEBL) rose 3.1%, or 28 cents, to $9.45; and PeopleSoft (PSFT) rose 1.98%, or 31 cents, to $15.98.
As a result of those high-flying tech issues, the InformationWeek 100 rose 1.1%, or 2.51 points, to 239.47. The Nasdaq-100 Index tracking stock rose 0.3%, or 9 cents, to $29.19; volume was 75.8 million shares. The Nasdaq index rose 0.4%, or 6.55 points, to 1,563.24, its highest point in just under a year.
Less tech-heavy indexes posted smaller gains. The Dow rose 0.1%, or 11.77 points, to 8,793.12, and the S&P 500 rose 0.2%, or 1.74 points, to 953.22.
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.