Cyrus Afzali

Internet and technology shares were rebounding solidly in midday trading Tuesday as bargain hunters moved in following economic stats showing recent interest rate increases have yet to slow down the nation’s economy. The news comes as earnings continue to roll in from Internet firms. At 1 p.m. Eastern, internet.com’s Internet Stock Index had jumped 37.63, […]

Internet stocks suffered through another brutal session Monday as investors once again engaged in a massive selloff of technology and Internet shares. While the end-of-day numbers weren’t pretty, the Nasdaq did manage to recover from a 297-point loss. internet.com’s Internet Stock Index had fell 52.25, or 7.31 percent, to 662.79, the Nasdaq Composite lost 161.50 […]

Investors nervous about the prospects that Microsoft Corp. may face a breakup were sending technology and Internet shares lower. Those moves came despite better-than-expected results from a number of firms. At 1 p.m. Eastern, internet.com’s Internet Stock Index had fallen 56.38, or 7.88 percent, to 658.66, the Nasdaq Composite had lost 190.16 to 3,453.72 and […]

Internet shares took a back seat to blue chips Thursday as the Dow rocketed past both the ISDEX and the Nasdaq. A number of companies did bounce off their lows even though a leading Internet analyst wrote the worst was likely over for most Net stocks. internet.com’s Internet Stock Index lost 10.80, or 1.49 percent, […]

Internet shares were giving way to blue chips in midday trading Thursday as another wave of selling was sweeping through the sector. At 12:15 p.m. Eastern, internet.com’s Internet Stock Index was off 27.56, or 3.8 percent, to 698.28, the Nasdaq Composite was down 73.02 to 3,633.39 and the Dow Jones industrial average had jumped 114.48 […]

Internet shares lost steam in afternoon trading, along with the other major U.S. indices as what initially appeared to be a solid rally faded, resulting in loses all around. internet.com’s Internet Stock Index lost 14.12, or 1.91 percent, to 725.84, the Nasdaq Composite dropped 87.16 to 3,706.41 and the Dow Jones industrial average shed 92.46 […]

Internet stocks were again putting together a strong session midday Wednesday even though disappointing earnings were taking a toll on several sector plays. At 12:30 p.m. Eastern, internet.com’s Internet Stock Report had jumped 22.44, or 3.03 percent, to 762.40, the Nasdaq Composite was up 42.02 to 3,835.59 and the Dow Jones industrial average had lost […]

Determined to make up last week’s lost ground, Internet and technology issues turned in another spectacular session Tuesday, leading the Nasdaq to its biggest one-day point gain ever. internet.com’s Internet Stock Index soared 77.02, or 11.62 percent, to 739.96, the Nasdaq Composite leaped 254.44 to 3,793.60 and the Dow Jones industrial average gained 179.94 to […]

Internet shares continued their winning ways Tuesday, buoyed another wave of buying as several sector leaders are set to report earnings after the closing bell. At 11:45 a.m. Eastern, internet.com’s Internet Stock Index had soared 43.11, or 6.50 percent, to 706.05, the Nasdaq Composite had gained 168.43 to 3,707.59 and the Dow Jones industrial average […]

Investors rushed in to buy Internet and technology shares following steep sell-offs last week, convinced the companies are now more fairly valued. internet.com’s Internet Stock Index jumped 36.66, or 5.85 percent, to 662.94, the Nasdaq Composite leaped 217.67 to 3,538.96 and the Dow Jones industrial average added 276.74 to 10,582.51. Companies benefiting from the renewed […]

Internet stocks were rebounding solidly in midday trading Thursday as money was flowing back into many stocks that have become bargains in the wake of the recent wave of selling. At 12:30 p.m. Eastern, internet.com’s Internet Stock Index had jumped 24.74, or 3.33 percent, to 767.27, the Nasdaq Composite was up 115.95 to 3,885.58 and […]

Internet stocks were again taking it on the chin in midday trading Wednesday as investors continued selling pricey names. Meanwhile the Nasdaq Composite extended its losses after Goldman Sachs’ Richard Sherlund lowered his fiscal third-quarter revenue forecasts for Microsoft Corp. (MSFT) to $5.75 billion from $5.95 due to a slowdown in personal computer sales. At […]