Business & Finance
News
3/4/2003
02:07 PM
50%
50%

Tech Stocks: The Surge Continues

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.

Comment  | 
Print  | 
More Insights
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest August 03, 2015
The networking industry agrees that software-defined networking is the way of the future. So where are all the deployments? We take a look at where SDN is being deployed and what's getting in the way of deployments.
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.