TECH STOCKS: A Mixed Bag - 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
12/30/2003
05:26 PM
50%
50%

TECH STOCKS: A Mixed Bag

The Nasdaq inched upward while other major indexes, including our InformationWeek 100, fell slightly.

Disappointing economic news and a bit of profit taking produced mixed results in Tuesday's stock markets. The Nasdaq inched up to close at its highest level in almost two years in very light trading while the Dow dropped nearly 25 points. Our InformationWeek100 index was off about half a point.

The Conference Board reported Tuesday that December's consumer-confidence index dropped to 91.3 from a revised 92.5 in November--significantly below the 92.3 reading that economists had been expecting. Sales of existing homes unexpectedly fell 4.6% in November. And manufacturing activity in the Chicago region grew at a slower-than-expected pace in December, as measured by the Chicago purchasing managers index.

SBC Communications was among the day's biggest gainers, up 17 cents, or 0.7%, to $26.06. But stocks that lost ground included IBM, which fell 89 cents, or 1%, to $92.63; Intel, which fell 11 cents, or 0.3%, to $32.04; and Advanced Micro Devices, which fell 17 cents, or 1.1%, to $15.11. The Nasdaq-100 tracking stock closed at $36.47, up 3 cents, or 0.1%, on very light volume of 45 million shares.

Our InformationWeek 100 index fell 0.59 points, or 0.2%, to close at 315.93, while the Nasdaq rose 3.40 points, or 0.2%, to close at 2,009.88. The Dow fell 24.96 points, or 0.2%, to close at 10,425.04, while the S&P 500 rose 0.16, or 0.01%, to finish the day at 1,109.64.

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
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Slideshows
IT Leadership: 10 Ways to Unleash Enterprise Innovation
Lisa Morgan, Freelance Writer,  6/8/2021
Commentary
Preparing for the Upcoming Quantum Computing Revolution
John Edwards, Technology Journalist & Author,  6/3/2021
News
How SolarWinds Changed Cybersecurity Leadership's Priorities
Jessica Davis, Senior Editor, Enterprise Apps,  5/26/2021
Register for InformationWeek Newsletters
Video
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
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