(Hot Trends article updated with information on the European banking stress tests and ticket distributor TicketFly.)NEW YORK ( TheStreet) -- "Stress tests" is a hot trend on the Internet today following news that stress tests conducted among the European banking sector resulted in only 7 failures out of 91 European banks. Stocks extended gains today on increased confidence in the banking sector and lower-than-expected capital shortfalls, coming in at $4.5 billion. In addition, spot gold prices inched lower as the U.S. dollar rose against the euro.
TicketFly is a popular search topic today after the company announced that it will be selling tickets to Virgin Mobile FreeFest. TicketFly, founded in 2008, intends to compete with big name ticket distributors by keeping ticket prices 30% cheaper than Ticketmaster's. It also promises to charge lower convenience and printing fees, and provide discounts for buyers who spread word of the company via social media. Tickets to the Virgin Mobile FreeFest go on sale at 10 a.m., July 24.