Internet Stocks End Up Ahead of CPI
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Despite uncertainty regarding tomorrow's report of the Consumer Price Index, Internet shares were able to remain on the upside through Monday's close.
internet.com's Internet Stock Index climbed 10.26, or 2.30 percent, to 461.26, the Nasdaq Composite rose 7.43 to 2,645.24 and the Dow Jones industrial average was up 69.97 to 11,043.62.
On Monday, eBay sealed a deal with SkyTel Communications Inc. to offer pagers that will send bid alerts to eBay members.
The online music sector was particularly strong. Gainers included Audible Inc. (ADBL) up 3-3/16 to 13-7/8. Audible Monday reached a deal with Microsoft Corp. to make its audio content available in the Windows Media Player format.
In return, AOL will receive an unspecified number of warrants in EMusic and will receive a share of the transaction revenue.
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