IoT
Business & Finance
News
9/25/2003
05:56 PM
50%
50%
RELATED EVENTS
The Analytics Job and Salary Outlook for 2016
Jan 28, 2016
With data science and big data top-of-mind for all types of organizations, hiring analytics profes ...Read More>>

TECH STOCKS: Tough Week Continues

The markets tumbled again after news that the International Atomic Energy Agency found additional traces of weapons-grade uranium in Iran.

A difficult week on Wall Street continued Thursday, as an otherwise ho-hum day of nearly unchanged indexes went south after news broke that the International Atomic Energy Agency had found additional traces of weapons-grade uranium in Iran. By day's end, all of the indexes took it on the chin, as did many of the larger technology holdings.

The tech-heavy indexes were hit hardest, with our InformationWeek 100 falling 4.40 points, or 1.6%, to 275.46, while the Nasdaq fell 26.46 points, or 1.4%, to 1,817.24. The Dow industrials fell 81.55 points, or 0.9%, to 9,343.96, and the S&P 500 fell 6.11 points, or 0.6%, to 1,003.27.

Among tech issues, Hewlett-Packard was one of the day's notable losers, falling 70 cents, or 3.5%, to $19.26. Other tech stocks faired only slightly better. Cisco Systems fell 26 cents, or 1.3%, to $20.06, Intel fell 33 cents, or 1.2%, to $27.45, and Microsoft fell 22 cents, or 0.8%, to $28.24. The Nasdaq-100 tracking stock fell 43 cents, or 1.3%, to $32.79 on heavy volume of 113.8 million shares. The continued sell-off across the markets was attributed to a desire to pocket profits from the market's recent rally.

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.