Investors were driving Internets higher across the board Tuesday in an apparent show of confidence that any Federal Reserve action has been factored into the markets.
The Federal Reserve’s open market committee meets this afternoon and is set to make an announcement on interest rates shortly after 2 p.m. Eastern. The general consensus is the group will leave rates unchanged.
Just before noon, internet.com’s Internet Stock Index was up 9.01, or 1.71 percent, to 536.72, the Nasdaq Composite had climbed 23.83 to 2,819.80 and the Dow Jones industrial average was up 62.05 to 10,463.28.
Others climbing were Ariba Inc. (ARBA) up 2-13/16 to 165-11/16, Broadcom Corp. (BRCM) climbing 4-3/8 to 121-7/16, Broadvision Inc. (BVSN) had climbed 3-7/16 to 148-13/16, Doubleclick Inc. (DCLK) higher by 5-1/4 to 120, Verisign Inc. (VRSN) up 5-5/8 to 108-1/2 and Inktomi Corp. (INKT) had gained 3-3/16 to 118-1/4.
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