TECH STOCKS: It's Official: Most Of 2003 Will Be Up

A seemingly inauspicious rally by the Nasdaq that began in May continued as December dawned. On an equalized basis, the Nasdaq Composite index easily has surpassed in performance both the Dow Industrials and S&P 500 indexes. In fact, the Dow and S&P 500 aren't that much better off than they were in January, again comparing them with the Nasdaq. Whether this is the making of a new bubble is anyone's guess.

At Monday's close, our InformationWeek 100 rested at 313.83, having risen 1.7%, or 5.19 points. Steps behind, the Nasdaq closed at 1,989.82, having risen 1.5%, or 29.56. The Dow reached 9,899.05, having risen 1.19%, or 116.59; and the S&P 500 hit 1,070.12, having risen 1.13%, or 11.92 points.

Shares of the Nasdaq-100 tracking stock rose 53 cents, or 1.5%, to end at $35.91 on middling volume of 81 million shares.