St. Patrick's Day may be 196 days away, but
TheStreet.com Internet Sector
index is wearing the green now, up 25.99, or 4.6%, to 587.90. From
, every single component can hoist a Guinness and smile today.
Why are Irish eyes smiling? Pre Labor Day labor figures lower than analyst predictions -- a good thing in this case. Only 124,000
new non-farm jobs
were created in August vs. an expected 220,000.
crept up 0.2%, half of the 0.4% prediction.
was at 4.2%, right in line with the analysts' expectations.
Freed from an early morning halt,
National Discount Brokers
was down 5 1/2, or 17.6%, to 25 3/4, after last night's announcement that first-quarter earnings would be much lower than expectations. The company now anticipates earnings around zero, while analysts expected around 21 cents a share. Today's loss was foreshadowed by NBD's 4 1/2 drop in pre-market trading.
More foreshadowing: Net bellwether Amazon was up 2 7/16 in pre-market trading. Now it's only up 1 5/16, or 2.2%, to 61 5/16.
is about to join the big leagues with a public offering of 5.5 million shares. No one's happier about the deal, underwritten by
Banc Boston Robertson Stephens
, which would own 70.9% of Navisite after the offering. Navisite will trade on the Nasdaq, with NAVI the expected symbol. CMGI was a happy camper, up 4, or 5%, to 84 1/8.
Greetings and salutations to
, which filed an IPO registration statement with the
Salomon Smith Barney
Hambrecht & Quist
are all in on the deal. Like a cocktail party, Agency.com helps companies establish interactive relationship with customers and partners, only it uses the Internet instead of booze.
Get me rewrite!
Log On America
inaccurately reported investment negotiations with a major telecom. Log on was up 2 5/8, or 12.6%, to 23 11/16.
So what's up with
? Stop checking the mail for an invitation to the nuptials. Somebody out there is speaking now and not holding their peace. Our own Caroline Humer has got the inside
scoop. E*Trade was up 5/16 to 24 7/16, while Telebanc was showing off the ring, up 7/16 to 23 1/8.
TheStreet.com E-Commerce Index
TheStreet.com E-Finance Index
are both up, as well.