Yesterday the Dow closed above 18000 for the first time as investors celebrated the strongest US economic growth in more than a decade. It's a fitting end to a strong quarter-and a reaffirming capstone on what has largely been an uncertain year. 

To better understand how this affects the IT industry, we can check in on the latest edition of the MW IT Index.

martinwolf publishes the MW IT Index (Global Edition), that is used by IT sector businesses, international media, and the bankers at our firm to analyze the state of the industry. The MW IT Index remains the only index of its kind in the IT Services industry, and is a meaningful tool for understanding the major developments that have taken place. 

This year we saw exceptional volatility, fueled by multiple global economic headwinds. This volatility was especially present in the SaaS index, where valuations reached an all-time peak early in the year before quickly falling and struggling to achieve its earlier highs. In the Supply Chain industry, we saw evidence of a rebounding PC industry, with major players improving both their products and the ancillary services that they sell along with them. And in the Software space, we're seeing increasing evidence that the ongoing embrace of cloud software and services has a potentially transformative power on valuations.

On the global stage, the story of Indian and Chinese IT companies is still largely one of potential in terms of actual impact-but both geographies  have laid the foundation for a significant 2015.

To read the full MW IT Index report, click here.