Cyrus Afzali

U.S. stocks were trading slightly below water at midday Wednesday after getting an earlier boost from new statistics that show the economy may be slowing enough to keep inflation at bay. At 11:30 a.m. Eastern, internet.com’s Internet Stock Index had fallen 3.20, or .49 percent, to 647.20, the Nasdaq Composite was off 9.00 to 3,450.48 […]

Invigorated by the three-day holiday, investors rushed to buy stocks of all stripes Tuesday, sending all major indices solidly higher. At 11:30 a.m. Eastern, internet.com’s Internet Stock Index had jumped 33.34, or 5.63 percent, to 625.97, the Nasdaq Composite had soared 135.97 to 3,341.08 and the Dow Jones industrial average had leaped 127.48 to 10,426.72. […]

For the first time in more than a week, Internet stocks were back in favor on Wall Street as many were moving back into stocks that have bit hit hard recently and now have more reasonable valuations. At 11:30 a.m. Eastern, internet.com’s Internet Stock Index had gained 16.10, or 2.62 percent, to 631.53, the Nasdaq […]

Investors were again beating down Internet stocks Wednesday, sending a number of sector leaders down more than 5 percent. However, in contrast to previous sessions, blue chips were managing small gains. At 11:45 a.m. Eastern, internet.com’s Internet Stock Index had fallen 11.14, or 1.87 percent, to 585.14, the Nasdaq Composite was off 21.03 to 3,143.52 […]

Most of the leading Internet stocks were trading in negative territory at midday Tuesday as investors continued to cash out leaders in a session marked by relatively thin volume. At 11:45 a.m. Eastern, internet.com’s Internet Stock Index had fallen 2.10, or .32 percent, to 648.10, the Nasdaq Composite was off 22.93 to 3,341.78 and the […]

Internet and technology stocks were taking another beating Monday, falling across the board amid investor concerns over current valuation levels. At noon Eastern, internet.com’s Internet Stock Index had tumbled 31.66, or 4.8 percent, to 617.36, the Nasdaq Composite had fallen 163.83 to 3,226.57 and the Dow Jones industrial average had fallen 210.41 to 10,416.44. Notably, […]

Technology and Internet stocks were down across the board Friday as investors were selling stocks across the board, not even sparing blue chip names. The selling came amid news that the nation’s trade deficit reached a record high in March due to increased oil and auto imports. At noon Eastern, internet.com’s Internet Stock Index had […]

Better-than-expected earnings from several Internet plays was unable to keep the sector above water in midday trading Thursday as blue chips were powering past technology stocks thanks in large part to an analyst upgrade of General Motors. At noon Eastern, internet.com’s Internet Stock Index was off 15.75 to 700.81, the Nasdaq Composite had fallen 58.09 […]

Internet stocks were falling across the board in midday trading Wednesday, one day after the Federal Reserve hiked short-term interest rates by a half percent in an effort to slow down the surging economy. Observers speculate part of the reason for the sell off are fears more hikes may be on the way. At 11:45 […]

After a flurry of speculation, Terra Networks S.A. announced late Tuesday it was purchasing Lycos Inc. for $12.5 billion in stock. Terra will pay $97.55 a share for Lycos — substantially more than its Tuesday closing price of 72-5/8. At that price, Lycos was valued at approximately $6.8 billion. The deal has already been approved […]

The prospect of another interest rate hike wasn’t scaring investors Tuesday, as investors continued to rush into the sector ahead of the afternoon rate announcement. At 11:45 a.m. Eastern, internet.com’s Internet Stock Index had gained 31.29, or 4.43 percent, to 737.93, the Nasdaq Composite was up 108.04 to 3,715.69 and the Dow Jones industrial average […]

Shares of portal Lycos Inc. were surging more than 15 percent in midday trading Monday amid continuing speculation the company may be a buyout target. At 11:30 a.m. Eastern, internet.com’s Internet Stock Index was off 19.26, or 2.84 percent, to 659.57, the Nasdaq Composite had lost 75.00 to 3,454.06 and the Dow Jones industrial average […]