Internets Suffer From Profit Taking
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Internet stocks were punished for a second straight day, following impressive gains in recent weeks.
internet.com's ISDEX gave up 43.75 to 675.69, the Nasdaq composite lost 85.17 to 3336.20, and the Dow Jones Industrial Average surrendered 70.11, closing at 10,877.81.
Disney's Internet tracking stock, Go.com (GO) , added 2-3/16 to 27-3/4. ESPN.com and ABC.com, both units under the Go network, announced sharp increases in user traffic. Another unit, DisneyStore.com, announced it quadrupled its sales over Thanksgiving weekend compared with the same period last year.