Internet Stocks End Mixed
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After posting several big declines over the past few days, Internet shares ended mixed Tuesday. Some managed to recover much of Monday's losses while others gave back all of the gains achieved earlier in the session.
internet.com's Internet Stock Index gained13.51, or 3.23 percent, to 432.24, the Nasdaq Composite climbed 16.37 to 2,414.68 and the Dow Jones industrial average added 31.66 to 10,594.99.
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.
Infoseek reportedly canceled a Tuesday appearance at a Bear Stearns Co. conference, leading to speculation that a deal might be imminent. Disney would only say talks are progressing.
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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