Internet Stocks Stage Recovery
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After posting several big declines over the past few days, Internet shares rebounded Tuesday to add stability to the often volatile sector.
Just before midday, internet.com's Internet Stock Index was up 12.84, or 3.07 percent, to 431.57, the Nasdaq Composite had gained 23.25 to 2,421.66 and the Dow Jones industrial average added 89.60 to 10,652.93.
On Tuesday, Federal Communications Commission Chairman William Kennard said his agency might appeal the Portland, Ore., federal court ruling that could force AT&T's cable unit to open its infrastructure to competing Internet providers.
On Wednesday, Wall Street's attention will turn to the Consumer Price Index report as many feel the Federal Reserve will use that data in its decision on interest rates.
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