Paul Shread

Internet and technology shares took a breather Wednesday morning after a strong recent run-up. The ISDEX was down 11 to 766 and the Nasdaq fell 2 to 4011. The S&P 500 declined 3 to 1472, but the beleaguered Dow gained 20 to 10,455 after testing 10,400. Volume was 460 million on the NYSE, in line […]

The dichotomy between the new and old economy returned on Tuesday, as Net and tech stocks gained while blue chip issues continued to lose ground. The ISDEX rose to the top of a two-month trading range. The ISDEX rose 29 to 777, down from an intraday high of 787, just under major resistance at 800. […]

Internet stocks rose Tuesday morning, bucking weakness in blue chips, as the ISDEX climbed to the top of a two-month trading range. The ISDEX rose 26 to 774, just under major resistance at 800. The Nasdaq began the day strong, ran into resistance at 4050, and fell back below 4000, down 3 to 3986. The […]

Shares of Internet and technology companies soared on Monday despite concerns about earnings and cash burn rates. The ISDEX gained 19 to 748, while the Nasdaq rose 129 to 3989, blasting through resistance at 3900 and 3982. The Dow climbed 108 points and the S&P 500 was up 21. However, volume decline to 920 million […]

Shares of Internet companies declined on Monday after a downgrade to DoubleClick and another Barron’s article on cash burn rates. The ISDEX fell 8 to 719. The Dow rose 14, the Nasdaq was up 7 and the S&P 500 added 2. NYSE volume was 424 million shares, while 629 million shares changed hands on the […]

Internet stocks slipped on Friday, but avoided the sharp losses that hit blue chips. The Nasdaq rose on strength in semiconductor issues. The ISDEX fell 1 to 728, while the Nasdaq rose 14 to 3860. The Dow plummeted 265 points to 10,449 on continued weakness in financial shares and the S&P 500 fell 14. Volume […]

Shares of Internet stocks were lower on Friday morning after Merrill Lynch analyst Henry Blodget said he doesn’t see much upside to eBay’s quarterly earnings report. The broader market fell on continued weakness in financial shares. The ISDEX lost 3 to 727. The Dow fell 130 and the S&P 500 fell 8 points. But the […]

Stocks rose on Thursday, once again flirting with key resistance levels. The Nasdaq out performed, up 48 points to 3845, and the ISDEX rose 3 to 728. The Dow rose 26 to 10,714, and the S&P 500 closed up 8 points to 1478, just below the key 1480 level. Volume rose to 993 million shares […]

Stock were mixed Thursday morning amid concerns about Qualcomm’s business outlook, strong May industrial production and hawkish comments from a voting Fed governor. The ISDEX fell 8 to 716 and the Nasdaq declined 3 to 3794. The Dow rose 9 and the S&P 500 was unchanged. Decliners led 14 to 11 on the Big Board, […]

Internet and technology shares fell Wednesday despite better-than-expected numbers from both CMGI and the Consumer Price Index. The ISDEX fell 10 to 727, while the Nasdaq fell 53 to 3797 after running into resistance around the 3900 level. The Dow rose 66 and the S&P 500 climbed 1 point. Volume rose slightly to 929 million […]

Stocks were mixed Wednesday despite better-than-expected inflation data. The Dow rose 45 and the S&P 500 rose 3. The ISDEX rose less than a point to 738, but the Nasdaq fell 21 after running into resistance around the 3900 level. Volume rose to 427 million shares on the NYSE, where advancers led 15 to 11. […]

Stocks staged an impressive recovery Tuesday, ignoring an earnings warning from NBC Internet and a downgrade to Hewlett-Packard. The ISDEX rose 6 to 734 after falling as low as 699, and the Nasdaq powered 83 points higher to 3851 after testing support at 3700. The broader market shook off concerns over Hewlett-Packard’s earnings . The […]