Apr 23, 2004 (01:04 PM EDT)
InformationWeek 100 Finishes Week Up 1.6%
Read the Original Article at InformationWeek
Wall Street followed Thursday's strong results with more-tempered gains Friday, as trading hovered around the break-even point much of the day. Despite a week of healthy earnings, the day's positive economic news--durable-goods orders were up more than expected--caused investors to move with caution. They fear the Fed would raise interest rates sooner than many would like.
Among tech issues, Friday belonged to the stalwarts. Microsoft rose $1.59, or 6.1%, to $27.54, and Intel rose $1.01, or 3.8%, to $27.53. Meanwhile, Amazon fell $2.57, or 5.3%, to $46.29, and eBay fell 45 cents, or 0.5%, to $82.14. The Nasdaq-100 tracking stock rose 29 cents, or 0.8%, to $37.21, on heavy volume of 90.9 million shares.
The Nasdaq Composite Index outpaced all the rest of our indexes Friday, rising 16.86 points, or 0.8%, to 2,049.77. The Dow Jones industrials rose 11.64 points, or 0.1%, to 10,472.84, and the S&P 500 rose seven-tenths of a point, or less than 0.1%, to 1,140.6.
Our InformationWeek 100 on Friday rose less than one-tenth of a point, or 0.03%, to close at 334.04, but for the week, it was up 1.6%. For the week, the Nasdaq rose 2.7%, the Dow rose 0.2%, and the S&P 500 rose 0.5%.
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.