Faith In Techs Returns, Although Economic Fears Remain

Our InformationWeek 100 rose 1.3%, but signs of a flattening economy held back the blue chips.
Rebounding technology stocks boosted the Nasdaq composite and our own InformationWeek 100 index Thursday. But the Dow Jones index, which had dipped below 10,000 for a time, had a less than stellar day.

The InformationWeek 100 index rose 3.6 points, or nearly 1.3%, to close at 286.28, while the Nasdaq composite rose 14.69 points, or nearly .8%, to end at 1,889.06. The Dow rose 4.2 points, or less than .1%, to close at 10,050.33, and the S&P 500 rose, also--2.96 points, or nearly .3%--to finish the day at 1,096.84.

Thursday's gainers included Intel, up more than 3%, to $23.27 per share, and Applied Materials, up almost 2%, to $16.93. Shares of Lam Research Corp., a chip-equipment maker, surged nearly 20%, to $23.72, after the company reported sales and earnings that beat expectations. The Nasdaq-100 tracking stock closed at $34.93, up 53 cents, or more than 1.5%, on heavy trading of more than 116 million shares.

Investors are concerned about signs the economy and corporate earnings growth may be slowing. Thursday, the Conference Board said its index of leading economic indicators fell .2% in June, following a gain of .4% in May. Economists expected the index to be flat. On the positive side, the number of Americans filing new unemployment claims last week fell to 339,000 from 350,000 the previous week.

See the full listing of all the companies in the InformationWeek 100 and the top 5 percentage winners and losers for the last closing at .

Editor's Choice
Samuel Greengard, Contributing Reporter
Cynthia Harvey, Freelance Journalist, InformationWeek
Carrie Pallardy, Contributing Reporter
John Edwards, Technology Journalist & Author
Astrid Gobardhan, Data Privacy Officer, VFS Global
Sara Peters, Editor-in-Chief, InformationWeek / Network Computing