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.
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.
InformationWeek Tech Digest, Nov. 10, 2014Just 30% of respondents to our new survey say their companies are very or extremely effective at identifying critical data and analyzing it to make decisions, down from 42% in 2013. What gives?