Mostly Modest Index Gains After Rate Hike - 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
Other

Mostly Modest Index Gains After Rate Hike

In case you've been living in a spider hole for the last several weeks, you expected the Fed to increase short-term interest rates a quarter-percent. Well, so did the markets.

There. That didn't hurt so much, did it? The Fed boosted the benchmark federal funds rate by a quarter of a percentage point after more foreshadowing than an Orson Welles movie, and indexes actually closed up.

Our InformationWeek 100 was way up, in fact. It rose 1.4%, or 4.34 points, to 325.88. Next was the Nasdaq, which rose 0.6%, or 12.86 points, to 2,047.79. The S&P 500 rose 0.4%, or 4.64 points, to rest at 1,140.84, and the Dow rose 0.2%, or 22.05 points, to 10,435.48.

The Nasdaq-100 tracking stock rose a percent, or 37 cents, to $37.74 on volume of 98 million shares.

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 informationweek.com/stocks.

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
IT Careers: 12 Job Skills in Demand for 2020
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/1/2019
Commentary
Enterprise Guide to Multi-Cloud Adoption
Cathleen Gagne, Managing Editor, InformationWeek,  9/27/2019
Commentary
5 Ways CIOs Can Better Compete to Recruit Top Tech Talent
Guest Commentary, Guest Commentary,  10/2/2019
Register for InformationWeek Newsletters
Video
Current Issue
Data Science and AI in the Fast Lane
This IT Trend Report will help you gain insight into how quickly and dramatically data science is influencing how enterprises are managed and where they will derive business success. Read the report 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