Yahoo!, Streaming Media Firms Help Net Stocks End Week Higher
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Internet.com's Internet Stock Index closed up 14.23, or 2.60 percent, to 561.17 while the Nasdaq Composite ended up 32.32 to 2,493.72 and the Dow Jones industrial average gained 46.35 to close at 9,832.51.
Turning away from streaming media, Internet advertising firm DoubleClick Inc. (DCLK) gained 11-1/16 to 193-1/8. The company said its DART system for serving ads on Web sites delivered 8 billion ads in March.
Shares of domain registrar Network Solutions (NSOL) slipped 3-5/16 to 102-7/16. The company on Thursday announced a partnership with Centraal to offer a 60-day trial of its RealNames navigation service.
Several companies posted healthy gains Thursday without releasing any news. Software retailer Beyond.com Corp. (BYND) jumped 7-5/8 to 33-13/16, ISP Concentric Network (CNCX) climbed 5-3/4 to 80-1/2 and GeoCities Inc. (GCTY) gained 7-9/16 to 117-1/8. Yahoo! is currently finalizing its purchase of the Web community.