Paul Shread

Investors fled shares of Internet and technology companies on Thursday for the relative safety of blue chips, as earnings worries continued to plague New Economy stocks. Amazon.com and VerticalNet dropped sharply despite beating earnings estimates, and earnings warnings from Nokia and WorldCom rocked shares of telecom companies. The ISDEX fell 39 to 732. The Nasdaq […]

It was a familiar story for many Net stocks on Thursday: Company beats estimates. Investors scouring the report find something they don’t like. Stock gets crushed. Amazon.com and VerticalNet were just two of the stocks facing that scenario. Tech stocks also dropped, on earnings warnings from Nokia and WorldCom. The ISDEX fell 31 to 740. […]

Shares of Amazon.com fell after hours on Wednesday after the online retailer beat earnings estimates but reported revenues that were beneath most analysts’ forecasts. InfoSpace reported that it is buying Go2Net, and VeriSign reported a surprise profit. Stocks traded lower during the day, as investors remained unimpressed by even better than expected earnings reports. The […]

Internet and semiconductor shares led the market sharply lower on Wednesday, as investors remained unimpressed by even better than expected earnings reports. The ISDEX fell 28 to 756 and the Nasdaq dropped 87 to 3942. The S&P declined 15 to 1458, and the Dow dropped 117 to 10,582, negating its recent breakout. Volume rose to […]

Shares of eBay climbed after hours on Tuesday after the company beat earnings estimates. Stocks rose during the day on neutral comments from Fed Chairman Alan Greenspan, but shares of Akamai dropped on concern about lockup expiration. The ISDEX gained 20 to 784 and the Nasdaq rose 47 to 4029. The S&P added 10 to […]

Stocks rebounded slightly Tuesday morning on Fed Chairman Alan Greenspan’s repetition of last week’s Senate testimony in the House. Unlike last week, however, Greenspan took a more neutral view of the economy. Shares of Akamai dropped despite better than expected earnings. The ISDEX gained 4 to 768 and the Nasdaq rose 9 to 3990. The […]

Akamai, FreeMarkets and GoTo.com were the latest Internet companies to beat earnings estimates yet see their shares slip. Priceline.com fell to a new low in the regular trading session. The ISDEX fell 37 to 764, negating its recent breakout at 790, and the Nasdaq fell 113 to 3981, back below 4000. The S&P lost 15 […]

Priceline.com was the latest Internet company that beat earnings estimates but failed to impress investors, in the process leading the Net sector lower. The ISDEX fell 16 to 785, just below its recent breakout at 790, and the Nasdaq declined 18 to 4075. The S&P was off a point to 1479. But the Dow added […]

Traders continued to find much to dislike in quarterly earnings reports on Friday, as they sold off bellwethers like America Online and erased almost all of Thursday’s gains in the process. The ISDEX fell 28 to 801, and the Nasdaq dropped 90 to 4093, both ending at the lows of the day. The S&P 500 […]

Traders showed up in a selling mood on Friday, dumping shares of America Online and other stocks despite better than expected earnings. The broader market traded lower on earnings warnings from Ericsson and Agilent. The ISDEX declined 19 to 810, and the Nasdaq dropped 56 to 4128. The S&P 500 fell 10 to 1485 and […]

America Online and Inktomi were among Internet stocks reporting better-than-expected earnings after the close on Thursday. Sun Microsystems also beat earnings estimates and traded 5% higher in after-hours trading. Traders bid stocks higher during the day after Fed Chairman Alan Greenspan said demand may be moving more in line with growth, signaling that the end […]

Stocks rose strongly Thursday morning after Fed Chairman Alan Greenspan said demand may be moving more in line with growth. Greenspan did not warn of any imminent interest rate hikes in his Humphrey-Hawkins testimony to the Senate, but he didn’t rule out further rate increases either. The ISDEX rose 30 to 819, and the Nasdaq […]