May 27, 2003 (02:05 PM EDT)
Tech Stocks: A Green Tuesday
Read the Original Article at InformationWeek
Consumer confidence, according to Washington, rose to its highest level in six months, and the news helped spark a surge Tuesday. Strong demand for new home sales--up 1.7% in April--also helped put the bulls in control. Technology and biotech contributed heavily to Tuesday's gains.
Our InformationWeek 100 rose 3.5%, or 7.98 points, to 236.96. The Nasdaq rose 3.1%, or 46.6 points, to 1,556.69. The Dow Jones rose 2.1%, or 179.97 points, to 8,781.35, and the S&P 500 rose 2%, or 18.26 points, to 951.38. The Nasdaq-100 (QQQ) closed at $29.10, up 3.6%, or $1. Trading of the index stock was a healthy 101 million shares.