Net Sector Steams Ahead Despite Looming Rate Decision

The DOT, aided by bellwether America Online, is in record territory.
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Shrugging off the

FOMC

meeting seems to be the norm in the stock market today. But Internet stocks were acting particularly blissful ahead of the Fed's next possible interest-rate move.

TheStreet.com Internet Sector

index was flying up 24.4, or 2.9%, to a record 884. Bellwether

America Online

(AOL)

was helping out the DOT, rising 2 3/16, or 1.5%, to 153 5/8, after announcing plans to roll out its Brazilian Web site, establishing a presence in Latin America.

Investors cheered

Juniper Networks'

(JNPR) - Get Report

3-for-1 stock split as though it were an acrobatic feat and sent shares up 30 3/4, or 10.8%, to 314 1/4. The move comes less than five months after the company's IPO, when shares were priced at $34 each. Of course, it's not

really

that fast. We're talking about Internet time here.

Also hanging with the Nasdaq's top movers and shakers today was

E.piphany

(EPNY)

which was up 31 7/8, or 28.7%, to 142 7/8 after news that it will buy

RightPoint

, which helps coordinate customer communications, in a stock swap worth $393 million.

TheStreet.com E-Commerce

index was also popping, lately up 3.16, or 2.7%, to 120.13.

Ameritrade

(AMTD) - Get Report

scoffed at a hold rating from

CIBC World Markets

, which rolled out coverage today. Shares of

Stuart's

favorite online broker were rising 1 15/16, or 7.3%, to 28 3/8.

Fellow online broker

E*Trade

(EGRP)

, which also got slapped with a hold rating from CIBC, was inching up 11/16 to 38 7/8.

TheStreet.com E-Finance

index was hopping up 5.5%.

Amazon.com

(AMZN) - Get Report

was jumping 4 1/4, or 5.8%, to 77 13/16.

News of an accord between the U.S. and China to open the Chinese economy as a worldwide market boosted

China.com

(CHINA)

24 5/8, or 24.7%, to 124 11/16.