Cyrus Afzali

U.S. stocks were poised to put together a two-day win streak Friday following news that prices paid to farmers, factories and other American manufacturers fell in April for first time in more than a year. At noon Eastern, internet.com’s Internet Stock Index had jumped 28.90, or 4.3 percent, to 700.46, the Nasdaq Composite was up […]

All major U.S. indices were trading higher at midday Thursday for the first time this week. One of the catalysts was news of a dip in April retail sales which eased investor concerns about inflation. At 11:45 a.m. Eastern, internet.com’s Internet Stock Index had jumped 23.97, or 3.65 percent, to 680.54, the Nasdaq Composite had […]

Microsoft Corp. Wednesday took another swipe at the Justice Department and more than a dozen states which two weeks ago called for the software giant to be split. In a court filing submitted to U.S. District Judge Thomas Penfield Jackson, Microsoft (MSFT) proposed several changes to existing business practices that it hopes will settle a […]

In a move it hopes will propel talks to settle litigation with the record industry, MP3.com Inc. late Wednesday removed major performers from the service at the heart of the dispute. The Recording Industry Association of America sued the firm in January, accusing it of violating U.S. copyright laws by playing songs from major label […]

Wednesday was proving to be another tough session for Internet stocks, which remained mired in negative territory. It was particularly ugly for many sector leaders which are now more than 50 percent off their 52-week highs. At 12:30 p.m. Eastern, internet.com’s Internet Stock Index had dove 45.65, or 6.54 percent, to 652.87, the Nasdaq Composite […]

Internet stocks were down across the board in midday trading Tuesday as investors continue focused on a slew of earnings reports continuing to roll out. At 11:30 a.m. Eastern, internet.com’s Internet Stock Index was off 24.04, or 3.36 percent, to 692.34, the Nasdaq Composite had lost 82.65 to 3,586.73 and the Dow Jones industrial average […]

Shares of Verio Inc. were soaring in midday trading Monday following news the company is being bought by Japanese telecom giant NTT Corp. However, most other Net stocks were lower in part due to negative comments on Cisco Systems in an influential business magazine. At noon Eastern, internet.com’s Internet Stock Index was off 16.45, or […]

Capitalizing on a solid run immediately following the opening bell, Internet and technology stocks rose across the board Friday despite a stronger-than-expected jobs report. internet.com’s Internet Stock Index jumped 16.82, or 2.3 percent, to 748.94, the Nasdaq Composite was up 96.51 to 3,816.75 and the Dow Jones industrial average climbed 165.37 to 10,577.86. The Labor […]

Internet and technology stocks rose across the board Friday as buyers shrugged off the possibility that higher interest rates may be in the offing following a stronger-than-expected employment report. At 11:45 a.m. Eastern, internet.com’s Internet Stock Index had jumped 16.27, or 2.22 percent, to 748.39, the Nasdaq Composite was up 82.68 to 3,802.92 and the […]

The major U.S. indices ended mixed Thursday as investors expressed anxiety over employment numbers due out Friday and statistics that showed the productivity of American workers grew at a slower-than-expected rate in the first quarter while labor costs continue to increase. The Labor Department reported Thursday non-farm payrolls grew 2.4 percent in the first quarter, […]

The major U.S. indices were trading in different directions at midday Thursday amid news that the productivity of American workers grew at a slower-than-expected rate in the first quarter although labor costs continue to increase. The Labor Department reported Thursday non-farm payrolls grew 2.4 percent in the first quarter, lower than the 3 percent economists […]

It was another brutal session for Internet shares Wednesday. Stocks fell across the board following new figures that show wage pressures are intensifying and labor shortages are constraining economic growth in certain regions of the nation, making it likely that interest rates will continue to head north. internet.com’s Internet Stock Index lost 11.51, or 1.55 […]