Leaders Of The Pack: ISDEX Flat But Some Stocks Soar
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Wall Street's latest defatuation with Internet stocks came on the heels of a broad market injection of fundamental valuation techniques being applied at the knees and USA Network's proposed merger with Lycos (NASDAQ:LCOS) that gave not only LCOS but Internet stocks a haircut.
The group of 50 stocks in ISDEX that represents the overall Internet industry in public companies was up a slight 2.3% since Dick Clark did the countdown ringing in the new year. The NASDAQ fared better with a 5.5% rise since 12/31/98 and the Dow lagged both indices.
|ISDEX ®||16-Feb-99||% change|
|The Internet Stock Index||close||from|