Internet, Tech Shares Roar Back
Page 1 of 1
Investors rushed in to buy Internet and technology shares following steep sell-offs last week, convinced the companies are now more fairly valued.
internet.com's Internet Stock Index jumped 36.66, or 5.85 percent, to 662.94, the Nasdaq Composite leaped 217.67 to 3,538.96 and the Dow Jones industrial average added 276.74 to 10,582.51.
Companies benefiting from the renewed enthusiasm included Broadcom Corp. (BRCM), up 26-5/16 to 148-9/16, Cisco Systems Inc. (CSCO), gaining 9-1/2 to 66-1/2, Go2Net Inc. (GNET) ended up 7-3/8 to 55-1/4 and Juniper Networks (JNPR) soared 14-1/2 to 172-9/16.
Net Perceptions Inc. (NETP) soared 5-1/2 to 15-3/4. The company, whose software personalizes e-commerce, was reiterated a "strong buy" by U.S. Bancorp Piper Jaffray's Hany Nada.
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