Aug 29, 2003 (01:08 PM EDT)
TECH STOCKS: Another 52-Week High
Read the Original Article at InformationWeek
Wall Street closed for the holiday weekend with solid gains across our indexes, and with the Nasdaq index chalking up its highest finish in a year.
The Chicago Purchasing Managers Index, a closely watched gauge of manufacturing-sector health, showed a 15-month high score of 58.9 for August. That was enough to ignite buying, and the Nasdaq rose 10.4 points Friday to close at 1,810.45, a gain of 0.6% for the day and 2.6% for the week. Our InformationWeek 100 rose 1.35 points Friday to close at 278.71, a gain of 0.5% for the day and 3.4% for the week.
The Nasdaq-100 index tracking stock surpassed its 52-week high at one point on Friday, but closed at $33.34, just three cents short of the mark. The tracking stock gained a quarter of a cent since Thursday, closing up 0.76% for the day and 2.62% for the week.
The S&P 500 had a good run for the week, rising 5.19 points, to 1,008.01, a gain of 0.5% for the day and 1.5% for the week. The Dow Jones rose 41.61 points Friday, a gain of 0.4% for the day and 0.7% for the week.