After a two-day rally that shocked many observers, technology stocks took a break, leaving the market mixed.
TheStreet.com Internet Sector
index closed down 29.67, or 3.6%, at 806.86 after trading as high as 861.38.
TheStreet.com New Tech 30 finished down 10.99, or 2.1%, at 509.13. The
closed down 87.15, or 2.3%, at 3706.42 after trading as high as 3851.56. Price action reflected the general confusion throughout the marketplace. There appeared to be as many people that felt the market would take another downturn as there were that felt the worst was over. With some indecision, traders decided to sell when the upside move faded.
Among the day's winners was
, which reported its first profit. It closed up 17 1/8, or 15%, at 133 1/8 after reporting a 1-cent profit vs. the 2-cent-loss estimate. And an upgrade by
to near-term buy from near-term accumulate contributed to the gains.
Among other companies that reported earnings,
closed up 1 1/4, or 2.1%, at 62 after a well-rounded
report. Another ISP,
, also beat estimates, but failed to turn a profit. Earthlink closed down 1, or 6.1%, at 15 1/2.
, which did report a profit, still closed down 5 1/2, or 13.3%, at 35 13/16. It had rallied sharply ahead of its numbers. And
ended down 1/2, or 1.4%, at 34 7/8, after trading as high as 39 1/2.
Business-to-business plays were mixed as well.
beat estimates by a penny, closed down 5, or 14%, at 31 5/16.
, which bested estimates by 15 cents, closed up 2 15/16, or 10.5%, at 30 15/16.
closed up 13 1/16, or 16%, at 95 7/16 ahead of its quarterly report after the close. And as
wrote earlier today, results for Commerce One could indicate how the B2B sector moves tomorrow.