Technology stocks moved higher Tuesday while blue-chip issues retreated. The Nasdaq composite gained 24 points to 4,013.46, its first close above 4,000 in more than two months.
Over a year late, Microsoft's long-awaited OS will be released to manufacturing today. The Feb. 17 Microsoft Corp. said Wednesday it finished work on its long-awaited Windows 2000 operating system, wrapping up a long and painful development project that also represents Microsoft's best hope of dominating Internet computing
An early rally in technology stocks fizzled in afternoon trading Thursday as the Nasdaq composite closed off another 93 points to 3,676.78. The Dow Jones industrial average fell 202 points to end at 10,923.55.
Law enforcement officials and computer security specialists say that David L. Smith's conviction in the Melissa virus case -- the first successful prosecution of a virus writer in the United States -- will have a strong chilling effect on other authors of malicious code.
Technology stocks pulled back Tuesday ahead of tomorrow's US Federal Open Market Committee meeting. The Nasdaq lost 53 points to end at 3,859.01 while the Dow Jones industrial average fell 39 points to close at 10,504.46.
Software giant Microsoft topped consensus earnings estimates but saw just slight revenue growth in the fourth quarter.
Technology stocks were roughed up again Tuesday as investors continued their rotation out of the sector in favor of stable blue-chip and cyclical stocks. The Nasdaq composite closed off 132 points to 4,055.90.
During his keynote address at the US Streaming Media West Conference, Microsoft Corp. CEO Bill Gates outlined the coming "digital media revolution."
Technology stocks took off in late trading Thursday as the Nasdaq composite rallied up 101 points to close at 3,759.78. The Dow Jones industrial average moved up 19 points to end at 10,706.21.
Technology stocks moved higher again Monday as the Nasdaq composite rose 29 points to close at 4,274.74. The Dow Jones industrial average fell 8 points to end at 10,804.27.
Internet stocks were roughed up Friday after some disturbing news about Amazon.com hit the Street. The Nasdaq composite fell 91 points to 3,845.61 while the Dow Jones industrial average gained 29 points to 10,4040.75.
Despite the prospects of more interest-rate hikes in the near future, investors decided to jump back into some beaten down tech sectors on Tuesday (US Time).
Microsoft, for the first time, may be in a position to completely overturn the government's antitrust victory, say legal experts.
Technology stocks started strong Wednesday but lost their steam in late trading as the Nasdaq composite closed off 27 points to 3,658.47. The Dow Jones industrial average moved up 81 points to close at 10,687.53.
Investors jumped back into the technology sector Monday, snapping up discounted shares of leading bellwethers. The Nasdaq composite closed up 104 points to 3,767.05 while the Dow Jones industrial average added 11 points to close at 10,521. 98.
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