Nov 25, 2003 (12:11 PM EST)
TECH STOCKS: Good News Doesn't Do Much Good
Read the Original Article at InformationWeek
Markets closed relatively flat, unable to capitalize on news that the third-quarter gross domestic product was revised upward, to 8.2%, from earlier estimates of 7.2%. The consumer confidence index also rose to 91.7, compared with 81.7 a month ago, according to the Conference Board.
Our InformationWeek 100 index fared better than the Nasdaq did Tuesday. The InformationWeek 100 rose 0.22 points, or 0.07%, to 306.6. The Nasdaq fell 4.1 points, or 0.2%, to close at 1,943.04. The Dow rose 16.15 points, or 0.17%, to close at 9,763.94, while the S&P 500 rose 1.81 points, or 0.17%, to finish the day at 1,053.89.
The Nasdaq-100 tracking stock closed at $35.14, down nearly 4 cents, or 0.11%, on lower-than-average volume of 71 million shares.