Shares of Internet ad firm 24/7 Media Inc. were rocketing in midday trading on speculation that ad leader Doubleclick Inc. would buy its smaller rival.
Meanwhile, blue chips moved solidly higher after the government reported U.S. wages posted their biggest increase in 16 years.
Just before noon, internet.com’s Internet Stock Index had fallen 0.86, or .15 percent, to 575.53, the Nasdaq Composite was off 10.89 to 2,849.81 and the Dow Jones industrial average had climbed 50.34 to 10,587.39
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