Investors Find A Reason To Buy - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Business & Finance

Investors Find A Reason To Buy

A better-than-expected consumer-confidence index as well as a good earnings report from Verizon seemed to soothe recent investor terrorism jitters.

After a spell of tumultuous and downbeat trading days, the three big indexes closed up Tuesday.

A better-than-expected consumer-confidence index as well as a good earnings report from Verizon seemed to soothe recent investor terrorism jitters.

Telecom company Verizon reported a second-quarter profit of $1.8 billion on revenue of $17.8 billion--that's up 6% from the same period a year ago, when the company reported $16.8 billion in revenue.

Private research group the Conference Board reported Tuesday that its consumer-confidence index in the economy rose to 106.1 this month. That's up from 102.8 in June and is the highest it's been in more than two years.

"I think the numbers we've seen recently show that the upturn in employment is substantial and sustainable," Gary R. Thayer, chief economist at A.G. Edwards & Sons Inc., told the Associated Press.

The Dow rose 123.22 points, or 1.2%, to close at 10,085.14. The S&P 500 rose 1%, or 1.76 points, to 1,094.83. The Nasdaq Composite Index rose 1.6%, or 30.08 points, to 1,869.1; and our InformationWeek 100 rose 1.6%, or 4.3 points, to rest at 281.72.

The Nasdaq-100 tracking stock rose in moderate trading. It was up 1.4%, or 47 cents, at $34.53, on volume of 103 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.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Slideshows
10 Ways to Transition Traditional IT Talent to Cloud Talent
Lisa Morgan, Freelance Writer,  11/23/2020
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Commentary
Can Low Code Measure Up to Tomorrow's Programming Demands?
Joao-Pierre S. Ruth, Senior Writer,  11/16/2020
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll