New York Knicks
evened their series with the
New Jersey Devils
made the Stanley Cup finals and the
New York Yankees'
Roger Clemens beat the
Pedro Martinez ... well, that last one didn't happen, but two out of three ain't bad. The point is that Wall Street was in a better mood today and just maybe it was contributing to the lift in the markets.
In early trading, the
was up 131.22, or 4.09%, to 3336.33.
TheStreet.com Internet Sector
index was up 36.18, or 4.81%, to 788.41.
Among stocks in the news,
was up 9/16 to 9 5/16 on news that it had purchased a minority interest in
. barnesandnoble.com said the two companies would form Barnes & Noble University, which would offer free online education. The terms call for barnesandnoble.com to become the major distributor of notHarvard.com's eduCommerce course materials.
was up 3/8 to 15 1/4 on news that it would team with
Ernst & Young
to establish a new company that will provide financial advice for investors by creating a personal electronic advisory service for E*Trade customers. The companies will each contribute $25 million to the joint venture.
said it would use a processor from chipmaker Transmeta to run Web appliances it is making with
. Gateway said it tapped Transmeta to provide the operating system for the products, turning away from the combination of
InterNAP Network Services
, an Internet connectivity provider, was up 1 5/8 to 27 1/4 on news that it had signed a definitive agreement to acquire
, a colocation service provider. The acquisition will give InterNAP the ability to accelerate the delivery of its IP connectivity service to customers with colocation requirements. Terms of the agreement call for InterNAP common stock, with an aggregate value of approximately $244 million, to be exchanged for all outstanding shares and rights to acquire shares of CO Space's capital stock.
was up 3 to 62 after
upgraded the stock to buy from hold due to its attractive valuation spread following its recent acquisition by