Internet stocks find running room partly riding a psychological milestone as the Dow closes past 10,000. Future-oriented investors should note that another index also posted record close value, ISDEX ends the trading session at a new high itself–553.73, up 17.25 points. Today’s snapshot:
29-Mar-99 |
point change |
% change |
|
ISDEX |
553.73 |
17.25 |
3.22% |
NASDAQ |
2,492.84 |
73.67 |
3.05% |
DJIA |
10,009.78 |
187.54 |
1.91% |
I like Priceline’s name it model but where the rubber meets the road the items available to name prices on aren’t ready for prime-time or even Home Shopping Network. At some juncture quality and certainty (will you get the airline seat you priced on when you get to the airport?) matter. On this one I hang a big “under construction” on its business model.