Internet stocks were up only slightly in midday trading Friday, amid new economic figures indicating a faster-than-expected increase in wages during January. The increase perpetuated speculation the Federal Reserve will again hike interest rates to slow down the economy.
At noon Eastern, internet.com’s Internet Stock Index had climbed 7.43, or .83 percent, to 906.28, the Nasdaq Composite was up 59.04 to 4,270.02 and the Dow Jones industrial average had added 12.72 to 11,026.16.
Viant Corp. (VIAN) was up 6-7/8 to 106-7/8. The Internet professional services provider Thursday reported $23.7 million in sales during its latest quarter. Also, CS First Boston reiterated its “strong buy.”
Subscribe to internet.com’s HotWatch, a monthly e-mail newsletter
featuring Internet Stock Report’s top 10 noteworthy Internet stocks for the
month. Each month you will receive in-depth analysis on the top 10 Internet
stocks to watch with the information you need to assess the fast-paced
nature of Internet stocks. Staying on top of market changes in the Internet Stock
market is what counts. You receive 12 timely issues sent to
you by e-mail. Don’t wait, our next issue will be out before you know it
with a whole new perspective on the market. Sign up today at: e-newsletters
For advertising information, contact Frank Fazio.