(Updated from 7:20 p.m. EST)
Internet stocks -- which captured investors' attention during the day -- drew market players back into the game tonight.
The daytime session saw mixed activity on the major averages: The
Nasdaq Composite Index, bolstered by strength in Internet and software stocks, gained 45.4 points to 2441.3, while the
Dow Jones Industrial Average lost 48.8 points to 10,572.55.
TheStreet.com Internet Sector
advanced 24.4 points to 309.54.
In postclose action,
jumped to the top of the most-actives list on electronic trading platform
ECN, on news that a lawsuit brought by the Internet retailer against
and its majority-owned travel Web site,
, has been settled.
Under the terms of the arrangement, Expedia will pay a royalty fee to priceline for its price matching service. Other details of the agreement are confidential, the companies said. As a result of the settlement, shares of priceline spiked 12.1% to $2.03 on Island.
Elsewhere in the Net corner,
, which warned today that fourth-quarter revenues will fall short of expectation, gained 0.3% to 47 cents on Island. And Internet incubator
lost 0.75% to $4.13 on Island.
Ahead of its earnings release tomorrow, Internet bellwether
trimmed its daytime gains on the night watch. Shares of Yahoo!, which advanced 10.8% in the regular session, lowered 2.3% to $29.44 on Island. And
gave back some its 21.1% daytime profit, falling 1.9% to $6.50 on Island.
In other postclose news, Web conferencing company
announced that it expects fourth-quarter revenue to exceed analysts' expectations but plans to take cost-cutting measures that include eliminating about 112 of 320 jobs. Evoke said its restructuring plan will eliminate its back-end service engines to "significantly" reduce operational expenses. Its stock bounced on the news, gaining 32% to $2.31 on Island.
A big volume mover tonight,
shed 1.2% to $36.67 on Island and slid 1.5% to $36.56 on Instinet. The networking giant, which has moved off its 52-week low of $31.94 in recent days, ended the day up 1.6%.
Other large-cap technology stocks saw small price movements in extended action.
fell 0.2% to $32.19 on Instinet,
decreased 1.2% to $31.13 on Instinet and Island, and
declined 0.1% to $51.75 on Instinet.
As for NYSE-listed stocks, shares of
staggered 5.4% to $5.50. Earlier this evening, the beleaguered copier company asserted that it "has no plans to file for bankruptcy." The company did say, however, that it has hired
to help it with liquidity and cash flow management.
Wondering how the market will open tomorrow? At last look, the
S&P 500 futures on
were up 2.4 to 1311.9, about one point above
fair value and indicating a flat open on Wednesday. The
Nasdaq 100 Securities
were ahead 4.5 to 2330.5, about 5 points below fair value and suggesting a bit of weakness for the Nasdaq at tomorrow's open.
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