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.
The Nasdaq crossed 2,000 but then traders panicked, and it wasn't the I've-got-to-buy kind of panic.
U.S. markets rallied early Wednesday following tough losses the previous day. But come mid-afternoon, when the Nasdaq index moved above 2,000 (an important psychological metric last crossed in January 2002) traders panicked, and it wasn't the I've-got-to-buy kind of panic.
Tech stocks were mixed. Oracle rose 3.6%, or 45 cents, to $12.85; PeopleSoft rose 1.9%, or 41 cents, to $21.49; Cisco rose 1.1%, or 25 cents, to $23.36; IBM fell .3%, or 25 cents, to $90.50; Intel fell 1.5%, or 51 cents, to $33.34; Red Hat fell 3.7%, or 48 cents, to $12.62, and Amazon fell 4.7%, or $2.52, to $51.41.
The Nasdaq-100 tracking stock fell .9%, or 33 cents, to $35.37, on volume of 102.7 million shares.
At the bell, our InformationWeek 100 index was down 1.1%, or 3.3 points, to 308.29; and the Nasdaq index was down 1%, or 19.82 points, to 1,960.25.
Less tech-heavy indexes fared a little better. The Dow finished just barely in the black, up .2%, or 19.78 points, to 9,873.42; and the S&P 500 fell .2%, or 1.89 points, to 1,064.73.
We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
The State of IT & Cybersecurity Operations 2020Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!