Internet Market Close Report for 1999.02.05
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The technology shares selloff continues as investors looking for a reason to take profits or mull over early January gains can stay on the sidelines. Part of the Pepto-Bismal moment came courtesy of the Federal Reserve's recent meeting, although it left rates unchanged, the fact that it met always spooks half of Wall Street.
With Internet earnings better than expected (or losses narrowed) for fourth quarter now reported by the big names in the Internet space we think the market may be overreacting to broad market pressure.
|05-Feb-99||point change||% change|
Harmon's Hotwatch '99 - the 10 stocks to watch in the Internet space - last year's watch group was up more than 300%
for 1999 it's now available as a monthly paid newsletter sent direct to your email box - first issue due February 3 click here to subscribe now -