PeopleSoft's stock was down 25 cents (1.4%), to $17.37, after its board rejected Oracle's $5.1 billion takeover bid. Semiconductor stocks fell for the second straight day despite a prediction by the Semiconductor Industry Association that global chip sales will grow 10.1% this year and 16.8% in 2004. The Nasdaq-100 tracking stock (QQQ) closed at $30.62, up 10 cents, or 0.33%. More than 74 million shares of the tracking stock were traded.
Our InformationWeek 100 rose eight-tenths of a point or 0.32% Thursday to close at 255.17. The Nasdaq index rose 7.6, or 0.5%, to finish the day at 1,653.62. The Dow rose 13.33 points, or 0.2%, to close at 9,196.55, while the S&P 500 rose 1.03, or 0.1%, to finish the day at 998.51.