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
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