It's Friday, and following this week's tech-sector rally, some traders may be looking to take hard-earned profits and go on a weekend shopping spree. Others, however, could be looking to take the money and run after this morning's bombing on Wall Street.
In early trading,
TheStreet.com Internet Sector
index was down .30 at 1177.20.
TheStreet.com New Tech 30 was up 0.97, or 0.1%, at 692.16.
Speaking of buying things, retail sales came out this
morning. Upward revisions to December sales appear to be offsetting lower-than-expected numbers for January.
Otherwise, a dearth of news in the sector was keeping traders cautious.
trying to get involved in the Internet security mess, hastily calling together an Internet security summit for next week. Internet security stocks were mixed today after huge run-ups in the past few sessions. This sector could be among the most vulnerable for traders booking profits.
was down 3 3/16, or 3%, at 89 3/8.
was down 8, or 8%, at 91;
was down 1 1/8, or 2%, to 48 7/8;
was off 13/16, or 3%, at 27 1/8;
was down 6 11/16, or 3%, at 213 1/16;
Check Point Software
was down 5 1/8, or 3%, at 175 1/8;
was off 4 1/8, or 5%, at 74; and
was up 2 9/16, or 4%, at 67 1/8.
, however, was up 1 1/16, or 1%, at 110 1/16 and
was also up 3 1/16, or 11%, at 31.
And one of yesterday's hottest stocks,
, was at it again. The domain registrar was up 24 1/2, or 8%, at 316 13/16 after gaining 14% yesterday following its earnings report.
, the Internet portal for Spanish and Portugese-language audiences, was up 7 1/4, or 15%, at 54 1/2, though it traded as high as 61. The company was mentioned as a possible takeover target by some Internet heavyweights in this week's
Inside Wall Street Column