The Dow's continuing descent had investors worried as it floated near the psychologically important 10,000 level this afternoon. The
and Internet stocks recovered from their intraday lows, but still were experiencing some choppy trading.
TheStreet.com Internet Sector
index was lately down 5.23, or 0.5%, at 1162.25, though it had dipped as low as 1140.97.
TheStreet.com New Tech 30 was up 7.28, or 0.9%, at 774.11.
It's worth taking another look at some of the more traditional Internet names. Many have been beaten up lately, though most rallied strongly yesterday when the DOT rose 7.6%. And even though they've lost some of their stature, when the traditional names rally, it still fuels optimism in the rest of the sector. But yesterday's gains were likely fueled by short-covering, so gains could be fleeting. And other traders who may not have gotten out of the bellwethers may be taking advantage of the pop to make their exit. Anyway, here are some prices.
, which gained more than 12 points yesterday, was down 1 21/32, or 1.0%, at 164 35/64 today.
, which added close to 7 points yesterday, was down 2 15/16, or 4.2%, at 67 1/2.
has not been able to get as much benefit from today's upgrade by
Credit Suisse First Boston
as it did with yesterday's note from
. It was up 1 3/8, or 2.4%, at 59 11/16 after gaining more than 7 points yesterday. And
was up 2 13/16, or 1.8%, at 157 3/4, after gaining more than 20 points yesterday.
Investors continued to pour into the hottest names in the sector, particularly
B2B plays. Some of the B2B stocks have set back in recent days and were attracting interest from those looking for bargain prices, while others could be seeing short-covering.
, which began trading at a postsplit price yesterday, was up 16 5/8, or 12.4%, at 150 5/8.
was up 9 7/8, or 4.1%, at 248 7/8, while
was up 10 3/8, or 5.1%, at 214 5/16.
was up 13 5/16, or 6.4%, at 221 1/16.