Market Prepares for Millennium
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Internet issues were taking a breather in Thursday afternoon trading. Volume was light as investors looked forward to bringing in the new year.
By 12:45, internet.com's Internet Stock Index had fallen 9.10, or 1.05 percent, to 859.60, the Nasdaq Composite was up 12.10 to 4053.50 and the Dow Jones industrial average surged 40.68 higher to 11525.34.
CMGI (CMGI) , down 3-21/64 to 272-31/64. CMGI's majority owned, ad-supported free Internet access solutions company, 1stUp.com reported a 30 percent increase in the total hours consumers accessed its network during the month of December, as compared to November.
Internet Capital Group (ICGE) rose 4-1/8 to 168-5/8. Steel maker Weirton Steel Corp. on Wednesday announced it had sold a portion of its stake in online steel commerce business MetalSite LP to ICGE for roughly $180 million.
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