Internet Stocks Continue Gains
Page 1 of 1
internet.com's Internet Stock Index was up 20.80, or 3.40 percent to 631.89, the Nasdaq was up 23.57 to 3220.86, and the Dow Jones industrial average was up 173.71 to 10769.01.
Hambrecht & Quist analyst Greg Smith said that online stock trading has been "soaring" in November. On the news, the online brokerages rallied. E*Trade (EGRP) was up 3-5/8 to 36-9/16, Ameritrade (AMTD) climbed 2-3/4 to 21-15/16, DLJ Direct (DLJ) rose 5 to 53-1/4 and Charles Schwab (SCH) posted a gain of 4-1/4 to 41-3/16.
As for the Net leaders, America Online (AOL), up 6-7/8 to 149-1/8, Doubleclick (DCLK), which climbed 27-7/16 to 167-1/16, Real Networks (RNWK) , up 8-1/2 to 137-1/2 and Ariba (ARBA) , which rose 2-3/8 to 196-5/8.
On the IPO front, Finisar (FNSR) rocketed 67-7/8 to 86-7/8. The company is a leading provider of high-speed optical technology for local area networks and storage area networks. The lead underwriter was Merrill Lynch.
ALL NEW! internet.com's HotWatch a monthly e-mail subscriptionfor $99, featuring Internet Stock Report's top 10 noteworthy Internet stocks for the month. Each month you will receive in-depth analysis on the top 10 Internet stocks to watch with the information you need to assess the fast-paced nature of Internet stocks. Staying on top of market changes in the Internet Stock market is what counts. For $99 per year, you receive 12 timely issues sent to you by e-mail. Don't wait, our next issue will be out before you know it with a whole new perspective on the market. Sign up today at: e-newsletters