There's Life In Those Indexes - 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
6/23/2004
06:02 PM
50%
50%

There's Life In Those Indexes

News about infrastructure investments by SBC Communications led tech shares, and the markets broadly, on to a rally.

Life returned to the major indexes Wednesday, as strength in tech sectors gave a kick in the rear to what's otherwise been a quiet week on the Street. SBC Communications helped spur the action when it said it would spend $4 billion to $5 billion over the next five years to deploy a high-speed fiber-optic network in neighborhoods. Shares of the telecom company rose 0.8%, or 18 cents, to $24.25.

Other tech issues looked as good or better. Cisco Systems rose 3.2%, or 75 cents, to $23.97; Apple Computer rose 2%, or 70 cents, to $33.70; Texas Instruments rose 2%, or 47 cents, to $24.32; Siebel Systems rose 1.4%, or 15 cents, to $11.05; Nokia rose 1%, or 16 cents, to $14.25; Dell rose 0.5%, or 18 cents, to $35.45; and Verizon rose 0.2%, or 8 cents, to $35.45. The Nasdaq-100 tracking stock rose 1.2%, or 44 cents, to $37.12, on volume of 93.7 million shares.

At the closing bell, our InformationWeek 100 was up 1.7%, or 5.33 points, to 319.18, and the Nasdaq index had risen 1.4%, or 26.83 points, to 2,020.98. The Dow rose 0.8%, or 84.50 points, to 10,479.57; and the S&P 500 rose 0.9%, or 9.65 points, to 1,144.06.

See the full listing of all the companies in the InformationWeek 100 and the top 5 percentage winners and losers for the last closing at informationweek.com/stocks.

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 IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download 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!
Slideshows
10 Cyberattacks on the Rise During the Pandemic
Cynthia Harvey, Freelance Journalist, InformationWeek,  6/24/2020
News
IT Trade Shows Go Virtual: Your 2020 List of Events
Jessica Davis, Senior Editor, Enterprise Apps,  5/29/2020
Commentary
Study: Cloud Migration Gaining Momentum
John Edwards, Technology Journalist & Author,  6/22/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
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