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.
Overvaluation fears trumped a government report Friday that showed good second-quarter economic growth.
Overvaluation fears trumped a government report Friday that showed good second-quarter economic growth. As a result, all of our stock indexes ended lower and were substantially down for the week.
Our InformationWeek 100 took the biggest hit, falling 4.57 points, to 270.89, a drop of 1.7% for the day and 7.5% for the week. Not far behind was the Nasdaq Composite, which fell 25.17 points, to 1,792.07, a drop of 1.4% for the day and 6% for the week.
The blue chips fared slightly better. The Dow Jones fell 30.88 points, to 9,313.08, or 0.33% for the day, a drop of 3.6% for the week. The S&P 500 fell 6.41 points, to 996.85, a 0.64% drop for the day and a 3.8% drop for the week.
Meanwhile, the Nasdaq-100 Index tracking stock fell 23 cents Friday, or $32.56, a 0.7% decline for the day and a 5.8% decline for the week, with a huge 105.3 million shares traded.
Some market watchers see little reason to worry about the significant slide. Alfred Goldman, chief market strategist at A.G. Edwards & Sons Inc., told The Associated Press, "We're really just getting a moderate correction despite the magnitude of the previous rally."
We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
State of the CloudCloud 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.
Getting Started With Emerging TechnologiesLooking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.