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
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
Think Like a Chief Innovation Officer and Get Work Done
Joao-Pierre S. Ruth, Senior Writer,  10/13/2020
Slideshows
10 Trends Accelerating Edge Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/8/2020
News
Northwestern Mutual CIO: Riding Out the Pandemic
Jessica Davis, Senior Editor, Enterprise Apps,  10/7/2020
Register for InformationWeek Newsletters
Video
Current Issue
[Special Report] Edge Computing: An IT Platform for the New Enterprise
Edge computing is poised to make a major splash within the next generation of corporate IT architectures. Here's what you need to know!
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