TECH STOCKS: Toughing Out A Turbulent Tuesday - InformationWeek
Business & Finance
05:32 PM
Ransomware: Latest Developments & How to Defend Against Them
Nov 01, 2017
Ransomware is one of the fastest growing types of malware, and new breeds that escalate quickly ar ...Read More>>

TECH STOCKS: Toughing Out A Turbulent Tuesday

It began with sharp declines following bleak reports about manufacturing and construction spending.

The first day of trading for the third quarter was raucous. It began with sharp declines following bleak reports about how manufacturing declined for a fourth straight month and construction spending was weak. And yet, all of our indexes closed up.

The Dow recovered from a loss of 114 points early in the day to end the day up 55.51 points, or 0.6%, to close at 9,040.95. The Nasdaq composite index rose 17.33 points, or 1.1%, to close at 1,640.06. The S&P 500 rose 7.81 points, or 0.8%, to end at 982.31. Our InformationWeek 100 rose 1.21 points, or 0.5%, to close at 249.83.

The Nasdaq-100 tracking stock closed at $30.29, up 34 cents, or 1.1% for the day on good volume of 94 million shares.

"We've had a 20% (market) gain--something we haven't seen in five years," Todd Leone, managing director of equity trading at SG Cowen Securities Corp., told the Associated Press. "Money managers aren't taking money off the table because they're afraid of missing another 20% rally. The market is really looking at the economy to come back."

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
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.
Flash Poll