Nets Climb As Microsoft Takes Toll on Dow
Page 1 of 1
Internet stocks were trading mostly higher at midday Monday as investors were embracing a deal between an Internet software firm and pouring money into sector leaders.
At noon Eastern, internet.com's Internet Stock Index was up 12.45, or 1.15 percent, to 1,092.75, the Nasdaq Composite had climbed 31.85 to 4,994.88 and the Dow Jones industrial average was off 45.92 to 11,066.80.
Much of the Dow's loss was due to selling in Microsoft Corp. (MSFT), which was down 4-3/16 to 107-1/2. Investors were showing concern that a settlement of the antitrust case filed by the Justice Department and 19 states no longer appears imminent. The judge in the case is expected to release his final ruling later this week.
Subscribe to internet.com's HotWatch, a monthly e-mail newsletter 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. 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