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.
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.