Despite a Valiant Late Rally, the DOT and the Nasdaq Wind Up Bloodied

IPOs today, including the much-anticipated, fared better, but e-tailers and e-bankers suffered.
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Have you ever seen

Leon Spinks

after a fight? His swollen face would look like a cubist reinterpretation; both eyes would be bloodied and shut while his three teeth gleamed. Internet Sector's

performance since Monday make that beating look like a game of "hot hands" with dad.

The DOT is down 8.1% over the last four days. The e-twins, E-Commerce Index and E-Finance Index, have both tanked as well. Over four days, E-tailers are off 6.8% and E-bankers are down 10.7%. The Nasdaq has dropped 6.3%, and that comes after a record-setting Monday.

Oh, and about the Nasdaq -- it fell 75 today, after

Alan Greenspan's

comments drove the market southward. It could have been worse. The DOT rallied 20 points in the last hours to save itself, even if it couldn't save the Nasdaq. Imagine how things would be if the DOT hadn't pitched in after 3 p.m. EDT.

The bellwethers got their clocks cleaned.

America Online


was D.O.A., dropping 6, or 5.2%, to 109.

(AMZN) - Get Report

was not green, off 4 9/16, or 5.7%, to 75 1/16.



was down 3 13/16 to 169 9/16.

In the battle of the auctioneers,


(EBAY) - Get Report




were the biggest losers. The former was off 7 1/2 to 134 1/8, with the latter off 2 9/16 to 34 1/2. The properly capitalized



was the big winner, up 1 9/16 to 19 1/2.

The market rushed for

(WOMN) - Get Report

when the issue finally began trading today. Its 3.75 million shares were priced at 10 and then began trading hot and heavy, rising 8 5/8, or 86.3% on 12.4 million shares in less than 3 hours.

Other IPOs did pretty well also. The 6.7 million shares of


(QUIK) - Get Report

started out at 10 and quickly rose 5, or 50%. Even better were the 3.35 million shares of



, which rose 20 3/4, or 121.3%, to 37 3/4, from its initial price of 17.

Bust out the pencils, kiddies, because this is today's Internet Sector scorecard.

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