ISDEX takes a hit today on worry that earnings for the tech sector may not be as good as thought amid a general market softness as investors debate what a Dow pushing 10,000 means.
On the other side of earnings outlook comes profit taking for Internet stocks after a recent rally this past week. Today’s snapshot:
12-Mar-99 | point change | % change | |
ISDEX | 472.66 | -12.93 | -2.66% |
NASDAQ | 2,381.53 | -30.72 | -1.09% |
DJIA | 9,876.35 | -21.09 | -0.21% |
The Internet venture and operating firm said in its conference call CMGI indicated it wasn’t looking at splitting its shares, which it just did in January.
I think CMGI stock is a proxy for the Internet industry due to its public and private holdings.
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