Internet Stocks Battered By Inflation Fears

Published by: anonym 2010-03-09

Buyers of Internet stocks who showed up just after Monday's opening bell were quickly chased away by continuing fears the Federal Reserve will raise interest rates when it convenes on Tuesday.

Just before noon, the Dow Jones industrial average was off 151.49 to 10,761.83, the Nasdaq down 31.25 to 2,496.61 and Internet.com's Internet Stock Index had shed 20.36, or 3.61 percent, to 544.03.

Holiday sales hurt toy stocks -- and that may mean opportunity ::
U.S. stocks sink; financial and home-builder shares battered Inflation fears send mortgage rates soaring. Existing-home sales fall 2.6% to 10-year low
http://www.marketwatch.com/news/story/holiday-sales-hurt-toy-stoc31F6B6}&dist=TNMostMailedHOME

InternetNews Realtime IT News -::
Stocks Slide Again on Inflation Fears - 06/12/2006 Stocks Battered Again - 06/05/2006. Vonage IPO Woes Continue - 06/05/2006
http://www.internetnews.com/bus-news/archives.php/200606HOME

Losers included Amazon.com Inc. (AMZN) which was off 10-1/2 to 121-7/8. Investors were apparently worried that the bookseller's plans to ofer 50 percent discounts on bestsellers will drag down profits.

U.S. stocks rally on tamer-than-expected consumer prices - MarketWatch::
Dow rallies as inflation fears abate, sending yields lower; Oil curbs advance U.S. stocks sink; financial and home-builder shares battered
http://www.marketwatch.com/news/story/us-stocks-rally-tamer-than-D-4D11-9375-3C4170F3650A}HOME

Electronic commerce companies were also down, with Priceline.com Inc. (PCLN) off 7-7/16 to 125-3/8. Online auctioneer UBid (UBID) was off 1-3/16 to 46-9/16 and Onsale Inc. (ONSL) was off 1-1/16 to 21-3/4.

Sliding Oil Stocks Push TSX Down 159 Points;Lower Oil, Wells Fargo Send ::
Internet. Health. Sports Wednesday as a drop in oil prices offset inflation concerns Federal Reserve promised relief for battered mortgage buyers
http://www.congoo.com/news/2008July16/Stocks-Oil-Slides-Banks-SurgeHOME

InternetNews Realtime IT News - Stocks Battered Again::
Stocks plunged Monday as rising oil prices and interest rates raised fears of 1970s-style stagflation. internet.com/Storage. bITa Planet. CIO Update
http://www.internetnews.com/bus-news/article.php/3611231HOME

Real Networks Inc. (RNWK) lost 7-3/4 to 80-15/16 at midday. The company announced it was making Snap.com, the search service co-owned by CNET and NBC the search service on its Real Player G2. The news sent CNET (CNET) shares as high as 124, before setting in at 116-7/8, up 5/8 from Friday's close.

Internet ad software company NetGravity Inc. (NETG) was down 2-15/16 to 21-15/16.

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