Technology, Blue Chips Outpace Internets
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After a roller coaster ride earlier in the sesssion, Internet stocks jumped on the rally bandwagon. Despite the lateday strength, they were still outpaced by technology issues and blue chips.
internet.com's Internet Stock Index was up 11.72, or 2.85 percent, to 423.18, the Nasdaq surged 73.25 to 2,563.36 and the Dow Jones industrial average added 133.29 to 10,788.44.
Helping to spark the high-tech rally was Cisco Systems Inc. (CSCO) . Shares of the networking company shot up 4-3/16 to 62-15/16. Cisco reported fourth quarter earnings of 21 cents a share, which beat First Call estimates by a penny.
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