TECH STOCKS: Good News Doesn't Do Much GoodTECH STOCKS: Good News Doesn't Do Much Good

Markets closed relatively flat, unable to capitalize on news that the third-quarter gross domestic product was revised upward.

George V. Hulme, Contributor

November 25, 2003

1 Min Read
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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 information 100 index fared better than the Nasdaq did Tuesday. The information 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.

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About the Author

George V. Hulme

Contributor

An award winning writer and journalist, for more than 20 years George Hulme has written about business, technology, and IT security topics. He currently freelances for a wide range of publications, and is security blogger at information.com.

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