internet.com’s Internet Stock Index was up 20.80, or 3.40 percent to
631.89, the Nasdaq was up 23.57 to 3220.86, and the Dow Jones industrial
average was up 173.71 to 10769.01.
Hambrecht & Quist analyst Greg Smith said that online stock trading has
been “soaring” in November. On the news, the online brokerages rallied.
was up 3-5/8 to 36-9/16, Ameritrade (AMTD)
climbed 2-3/4 to 21-15/16, DLJ
rose 5 to 53-1/4 and Charles Schwab (SCH)
posted a gain of 4-1/4 to 41-3/16.
After plummeting more than 20 points earlier in the week, Juniper Networks (JNPR)
rose more than 25-5/16 to 287 by midday. The company competes with Cisco Systems, Inc. (CSCO)
in the router space. Cisco was down 5/16 to 83-7/16.
As for the Net leaders, America Online (AOL),
up 6-7/8 to 149-1/8, Doubleclick
(DCLK), which climbed 27-7/16 to 167-1/16, Real Networks (RNWK)
, up 8-1/2 to 137-1/2 and Ariba (ARBA)
, which rose 2-3/8 to 196-5/8.
On the IPO front, Finisar (FNSR)
rocketed 67-7/8 to 86-7/8. The company is a leading provider of high-speed
optical technology for local area networks and storage area networks. The
lead underwriter was Merrill Lynch.
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