Stocks Take Midday Tumble
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U.S. markets were caught in a slide as the midpoint of Thursday's session neared. Investors were taking profits from all sectors, however blue chips were hit especially hard, with the Dow briefly slipping below 10,000.
At 11:45 a.m. Eastern, internet.com's Internet Stock Index was off 8.33, or .86 percent, to 957.63, the Nasdaq Composite had fallen 42.53 to 4,507.80 and the Dow Jones industrial average had dove 206.94 to 10,018.79.
A number of Internet leaders were taking it on the chin, including Amazon.com Inc. (AMZN), off 3-3/16 to 67-1/4, CMGI Inc. (CMGI) falling 4-5/16 to 115-7/8, Cisco Systems Inc. (CSCO) losing 3-13/16 to 134-13/16 and Yahoo! Inc. (YHOO) had lost 3-1/16 to 163-1/8.
Priceline.com Inc. (PCLN) had gained 3-3/8 to 55-1/4. The online supplier of airline tickets, hotel rooms, mortgages and groceries Thursday hired Heidi Miller away from Citigroup as its new chief financial officer.
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