Wall Street was hosting a broad-based Internet rally Thursday as investors were flocking back to sector leaders that have been battered in recent sessions.
At 11:30 a.m. Eastern, internet.com’s Internet Stock Index was up 25.18, or 2.35 percent, to 1,094.85, the Nasdaq Composite was up 42.83 to 4,940.09 and the Dow Jones industrial average had lost 7.29 to 9,849.24
Climbers included VerticalNet (VERT), jumping 32-7/16 to 285-15/16, Network Solutions Inc. (NSOL), gaining 36-7/8 to 460-5/16, Healtheon/WebMD (HLTH), adding 3-5/16 to 45-1/16 and Doubleclick Inc. (DCLK) was up 10-1/2 to 115-1/4.
Also, CS First Boston’s Lise Buyer reiterated her “strong buy” on AOL, saying the fundamentals of the company remain “very strong.”
Covad Communications (COVD) was up 3-11/16 to 93-15/16. The DSL Internet provider Thursday purchased LaserLink.net for $387 million in stock. LaserLink provides branded broadband solutions to corporate customers.
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