All of our indexes hovered around their opening levels for hours--the Nasdaq was actually underwater--until investors figured out Monday would be a good-news day. Then, boom, big increases on relatively light volumes.
The Nasdaq Composite rose 1.41%, or 29.96 points, to 2,153.83. Our InformationWeek 100 nipped just behind, rising 1.39%, or 4.77 points, to 347.21. The Dow industrials rose 1.27%, or 134.22 points, to 10,702.51, and the S&P 500 rose 1.21%, or 13.82 points, to 1,155.37.
The Nasdaq-100 tracking stock rose 1.53%, or 58 cents, to close at $38.59, on moderate trading of 82.6 million shares. We cite the Nasdaq-100 as a more-targeted way of understanding how individual tech shares fared.