Jun 30, 2004 (02:06 PM EDT)
Mostly Modest Index Gains After Rate Hike
Read the Original Article at InformationWeek
There. That didn't hurt so much, did it? The Fed boosted the benchmark federal funds rate by a quarter of a percentage point after more foreshadowing than an Orson Welles movie, and indexes actually closed up.
Our InformationWeek 100 was way up, in fact. It rose 1.4%, or 4.34 points, to 325.88. Next was the Nasdaq, which rose 0.6%, or 12.86 points, to 2,047.79. The S&P 500 rose 0.4%, or 4.64 points, to rest at 1,140.84, and the Dow rose 0.2%, or 22.05 points, to 10,435.48.
The Nasdaq-100 tracking stock rose a percent, or 37 cents, to $37.74 on volume of 98 million shares.
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.