Microsoft Helps Lift Techs, Internets
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Investor enthusiasm for Microsoft Corp. was driving technology stocks higher Monday, despite Friday's setback in the government's landmark antitrust trial. Money also continued to pour into several B2B Net stocks that were especially hit hard during recent bouts of selling.
At noon Eastern, internet.com's Internet Stock Index was up 27.21, or 3.51 percent, to 801.78, the Nasdaq Composite had climbed 115.55 to 3,976.21 and the Dow Jones industrial average had climbed 94.01 to 10,827.92.
Leaders in positive territory included Ariba Inc. (ARBA), jumping 8-9/16 to 82-3/4, Broadcom Corp. (BRCM), up 8-1/4 to 180-5/8, CMGI Inc. (CMGI), adding 2-15/16 to 74-3/16, CNET Inc. (CNET), rising 4-7/16 to 39, Exodus Communications Inc. (EXDS), up 6-3/8 to 94-13/16 and Vignette Inc. (VIGN), rising 4-5/16 to 52-1/2.
Entrust Technologies Inc. (ENTU) was up 4-9/16 to 53-11/16.
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