Internet stocks finished the week in the plus column Friday ahead of the long holiday weekend and on the heels of the latest quarterly results from one of the sector’s leaders. Investors also sent two leading market indices into record territory.
internet.com’s Internet Stock Index ended up 9.29, or 1.67 percent, to 564.95, the Nasdaq Composite closed up 34.84 to a record 2,741.02 and the Dow Jones industrial average gained 72.82 to 11139.24, also a new milestone.
Real Networks Inc. (RNWK) jumped 12-1/16 to 89-15/16. Microsoft said Thursday it will add support for the latest version of Real Audio in its set-top boxes. While WebTV users will be able to receive G2 audio, they will not be able to view Real video.
As part of the pact, Real will develop a new audio player for Microsoft’s Windows CE operating system for non-PC devices.
Yahoo! Inc. (YHOO) added 7/8 to 178-1/8 in advance of its earnings report next week. Other leaders ended mixed with America Online Inc. (AOL) up 3-1/8 to 115-1/4, Amazon.com Inc. (AMZN) up 1-11/16 to 124-1/16 and eBay Inc. (EBAY) lost 6-1/32 to 143-5/8. Earlier this week, the online auctioneer had another series of short outages.
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