Markets Cap Winning Week With More Gains - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Business & Finance
News
8/27/2004
05:16 PM
50%
50%

Markets Cap Winning Week With More Gains

All the key indexes closed on a positive note.

All the major stock indexes were up Friday as investors continue to react favorably to a drop in oil prices and better-than-expected economic index reports.

The Dow industrials rose 21.60 points, or 0.2%, to 10,195.01. The Nasdaq rose 9.17 points, or 0.5%, to 1,862.09. The S&P 500 rose 2.68 points, or 0.2%, to 1,107.77. The InformationWeek 100 rose 1.61 points, or 0.6%, to 283.39. For the week, the InformationWeek 100 was up 1%, the Dow gained 0.8%, the S&P rose 0.9%, and the Nasdaq rose 1.3%.

Oil actually rose 8 cents to close at $43.18 on the New York Mercantile Exchange. But that's still down sharply from the $49-per-barrel prices earlier this month.

Traders were encouraged by the University of Michigan consumer sentiment index for August that was released Friday morning. The index fell to 95.9 from 96.7 in July, but was higher than economists had expected. The revised estimated to the gross domestic product came in as forecasted at a 2.8% annual rate. Investors had feared the rate would come in lower.

Still, with the Republican National Convention in New York next week and August still a traditionally slow month for trading, volume on the major markets remained extremely low. For example, the Nasdaq-100 tracking stock rose 16 cents to $34.56 on volume of 58.56 million shares--nearly 40 million less than a normal day.

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

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Slideshows
What Digital Transformation Is (And Isn't)
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/4/2019
Commentary
Watch Out for New Barriers to Faster Software Development
Lisa Morgan, Freelance Writer,  12/3/2019
Commentary
If DevOps Is So Awesome, Why Is Your Initiative Failing?
Guest Commentary, Guest Commentary,  12/2/2019
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
White Papers
Slideshows
Twitter Feed
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.
Sponsored Video
Flash Poll