A slip in consumer confidence during August was sending stocks downward across the board Tuesday, including many in the Internet sector.
Just after noon, internet.com's Internet Stock Index had fallen 8.75, or 1.83 percent, to 469.30, the Nasdaq Composite was off 23.25 to 2,689.44 and the Dow Jones industrial average had slumped 69.02 to 10,845.11
The Conference Board reported Tuesday that its consumer confidence index dipped to 135.8 from a revised 136.2 in July. That figure beat economists' expectations of 134.2.
Lycos Inc.: News & Videos about Lycos Inc. - CNN.com::
Internet investors revised the laws of gravity in the first half of February, as Web stocks took I got so caught up day-tradin Net stocks that I havent
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Local Internet Advertising::
SAN FRANCISCO - Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. publicly disclosed its cash-and-stock offer in hopes of rallying support
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Most of the sector's leaders were lower, including America Online Inc. (AOL) down 2-3/16 to 90-7/16 and eBay Inc. (EBAY) off 5/16 to 119-1/8.
On Tuesday, AOL and eBay launched a new co-branded site that will give AOL users easier access to eBay auctions.
Taipei Times - TaipeiTimes::
Caught between a rock and hard place. Clowning around on the Internet Shares in Japan may slump in week ahead. Earnings based on quality a big factor for stocks
http://www.taipeitimes.com/News?pubdate=2002-10-27HOME |
Excite@Home (ATHM) slumped 2 to 39-1/2. On Tuesday, the company took several minority stakes totaling $45 million in Rosenbluth Interactive. Rosenbluth has invested in a number of Internet start-ups, including WebMD, Webstakes.com, Quokka Sports and E-Stamp.
Elsewhere among leaders, CMGI Inc. (CMGI) had slumped 2-3/4 to 79-1/16, Priceline.com (PCLN) up 5/32 to 67 and Yahoo! Inc. (YHOO) off 3-5/8 to 140-3/16.
Net2Phone (NTOP) was up 15/16 to 73-9/16. On Tuesday the company reached a deal with AT&T that will allow it to offer Internet telephony services to 17 countries.
cbs11tv.com - Stocks Rise As Interest Rate Uncertainty Remains::
betting stocks would move lower — and were caught off guard Broadband Internet Growth Plummets In 2Q. TX Airports Brace For Fewer Flights & Passengers
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cbs3.com - Dow Jones Average Rises 54.72 Points Despite Mixed Retail Data::
Wall Street rose Thursday as investors bought back into stocks after two days of losses, encouraged by a drop in unemployment claims and a better-than-expected
http://cbs3.com/business/stocks.Wall.Street.2.696531.htmlHOME |
Autobytel.com (ABTL) had climbed 1/2 to 15-5/8. The company launched a new consumer banking center in an effort to streamling auto financing.
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