Those who took advantage of yesterday's market weakness were basking in the glow of today's rally, inspired by the employment report.
Internet stocks were on the rise along with the rest of the market.
TheStreet.com Internet Sector
index was up 26.37, or 2.3%, at 1190.48, though it hit a high of 1203.31 in early trading.
TheStreet.com New Tech 30 was up 49.60, or 6.3%, at 831.71.
Announcements of stock splits were aiding a couple of stocks. This morning,
said it would split its stock 2 for 1. It was up 11 3/8, or 7.7%, at 158 13/16. The record date for the split will be June 7, pending stockholder approval. And after the close yesterday,
said it would split its stock 2 for 1. It was up 16 5/16, or 5.4%, at 316. The record date for the split will be March 20, with the split taking effect around March 31. It is the second split that the company has announced in the past three months.
But there appeared to be some confusion regarding a release by
today. The company today announced that it has set a record date of March 24 for the 2-for-1 stock split that was announced Jan. 31. There apparently were some reports that InfoSpace had announced a split, but that wasn't the case. Some investors took advantage of the confusion. After trading as high as 277 early on, InfoSpace was recently up 8 15/16, or 3.3%, at 270.
Inside Wall Street column in this week's
mentions one Net stock,
, an Internet banking company. It was up 5 13/16, or 5.3%, at 115 1/16. And check out
unusually positive comments about Marcial's picks in an earlier
Credit Suisse First Boston
began coverage of several Internet data service providers with mostly positive numbers. Analyst Tim Newington began coverage of Exodus with a strong buy rating. And he slapped buy ratings on
with buy ratings. In recent trading, Digex was up 14 1/2, or 10.2%, at 157 1/8; Verio was up 3 5/32, or 4.9%, at 67 27/32; and EarthLink was up 1 11/16, or 7.2%, at 25.
, which rallied late yesterday after its CEO, Kevin O'Connor, admitted he made a mistake in plans to compile a database that would have tied Web users' names to their surfing habits, was up 6 3/8, or 7.6%, at 89 13/16. This morning,
initiated coverage of DoubleClick with a strong buy rating.
, which soared 95%
yesterday after its CEO assuaged fears about an ongoing dispute with the
Recording Industry Association of America
, was down 7 1/2, or 23.4%, at 24 1/2.