Sector Snap: Internet stocks mixed |
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Published
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Mon, 05 Mar 2007 18:02
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NEW YORK (AP) - Shares of Internet companies were mixed on Monday after global markets tumbled, with search leaders Google Inc. and Yahoo Inc. seeing slight gains while Chinese Web stocks retreated.Markets in Europe and Asia fell for a second week on Monday, but Wall Street seemed to stabilize after losses earlier in the day.The Nasdaq composite index was up 1.83, or 0.08 percent, at 2,369.83 in late morning trading.Google's shares rose $4.63 to $443.21 on the Nasdaq Stock Market, and Yahoo gained 37 cents to $30.79.Shares of online retailer Amazon.com rose 30 cents to $37.99 on the Nasdaq, and online auctioneer eBay saw its shares slide 18 cents to $30.68.Among Chinese Internet stocks, trading was halted for American Depositary shares of Tom Online Inc. on the Nasdaq, pending the release of news. The Beijing-based company operates an Internet portal, and provides wireless services.Shares of software and online gaming company CDC Corp. declined a dime to $8.59 on the Nasdaq. The company said earlier in the day it is expanding its games business to develop online games.Search engine Baidu.com Inc. saw its shares slide 82 cents to $101.30 on the Nasdaq, and Internet portal Sohu.com Inc.'s shares slipped 7 cents to $22.55.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Consumer and retailing highlights to 15:45 GMT 