TECH STOCKS: A More-Studied RiseTECH STOCKS: A More-Studied Rise
Our <i>information </i>100 index outperformed the broader markets Tuesday, and the Nasdaq closed at its highest level in about two years.
Our information 100 index outperformed the broader markets Tuesday, and the Nasdaq closed at its highest level in about two years. Blue chips fell.
Speaking to the Associated Press, Brian Bush, director of equity research at investment bank Stephens Inc., described trading as "a slight pause in what is still an upwardly biased market."
The information 100 rose .7%, or 2.3 points, to close at 330.99. The Nasdaq rose .5%, or 10.01 points, to close at 2,057.37. The S&P 500 rose .1%, or 1.46 points, to close at 1,123.67; and the Dow fell .05%, or 5.41 points, to end the day at 10,538.66.
In line with the tech indexes, the Nasdaq-100 trading stock (QQQ), closed up .7%, or 25 cents, to $37.34, on volume of 60 million shares.
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