(MONEY Magazine) – The MONEY 30, an index of blue-chip growth stocks that are at the forefront of today's economy, gained 6.1% from June 23 to July 17, jumping to 4290 (January 1996 equals 1000). Once again, tech shone. Intel and Hewlett-Packard sprang ahead about 15% each. Intel climbed steadily on news that worldwide demand for its memory chips would likely exceed supply for the foreseeable future. Motorola, which gained almost 13%, picked up favor among investors after its quarterly earnings met Wall Street's exacting standards.

Sprinting past the crowd, however, was Nike. Investors swooshed in on high hopes for Shox, a much anticipated shoe "technology" that will be unveiled at the Summer Olympics.

Nine companies fell, but two took double-digit dives: Disney slumped almost 13%, and Fannie Mae nearly 12%. The mortgage-buying giant's second-quarter earnings did not meet analysts' expectations.

--ERICA GARCIA