Net Stocks Jump 2 Percent
Page 1 of 1
Wall Street was hosting a broad-based Internet rally Thursday as investors were flocking back to sector leaders that have been battered in recent sessions.
At 11:30 a.m. Eastern, internet.com's Internet Stock Index was up 25.18, or 2.35 percent, to 1,094.85, the Nasdaq Composite was up 42.83 to 4,940.09 and the Dow Jones industrial average had lost 7.29 to 9,849.24
Climbers included VerticalNet (VERT), jumping 32-7/16 to 285-15/16, Network Solutions Inc. (NSOL), gaining 36-7/8 to 460-5/16, Healtheon/WebMD (HLTH), adding 3-5/16 to 45-1/16 and Doubleclick Inc. (DCLK) was up 10-1/2 to 115-1/4.
Covad Communications (COVD) was up 3-11/16 to 93-15/16. The DSL Internet provider Thursday purchased LaserLink.net for $387 million in stock. LaserLink provides branded broadband solutions to corporate customers.
Subscribe to Internet StockTracker, a weekly e-mail newsletter from internet.com Corp. Every Friday internet.com will deliver to your e-mail in-box the latest performance data on individual Internet companies and their competitors. Internet StockTracker will deliver to you all the statistics you need to assess the week's activity. Subscribe today at e-newsletters