TECH STOCKS: Only Dow Misses Out On Big Upward Swing - 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

TECH STOCKS: Only Dow Misses Out On Big Upward Swing

Buoyed by positive economic news, our indexes ended higher Tuesday, with tech shares doing best. Trading was light on the last full day of trading until Friday.

Our indexes closed higher on light Tuesday trading. Positive, though not surprising, economic news helped most of our indexes close way up.

The Commerce Department confirmed Tuesday that the country's gross domestic product grew at 8.2% for the third quarter, which is the highest bump in GDP since 1983. The department also reported that incomes rose .5% and that consumer spending rose .4% last month.

Our InformationWeek 100 rose 1.1%, or 3.25 points, to rest at 311.23. The Nasdaq Composite Index rose 1%, or 18.98 points, to 1,974.78. The S&P 500 index rose 3.1%, or 3.08 points, to 1,096.02. On the lackluster side, the Dow Jones Industrials Average ended .03%, 3.26 points higher, closing at 10,341.26. The Dow's still up more than 19% this year, its highest level since May 2002.

The Nasdaq-100 tracking stock closed up .4%, or 35 cents, to $35.57, on light volume of 66 million shares.

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
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Commentary
Where Cloud Spending Might Grow in 2021 and Post-Pandemic
Joao-Pierre S. Ruth, Senior Writer,  11/19/2020
Slideshows
The Ever-Expanding List of C-Level Technology Positions
Cynthia Harvey, Freelance Journalist, InformationWeek,  11/10/2020
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
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