Wall Street opens 1999 with a bang, as the Dow and Nasdaq repeatedly set new highs, driven by gravity-defying Internet stocks. Among some of the weeks winners were Internet bellwethers Amazon.com, Yahoo, Excite, Lycos, and Broadcast.com. The stocks continue to mystify analysts, who wonder if what goes up must come down.
Analysts send mixed signals on Net stocks update
Some experts predict a decline in Net stocks, even going so far as to recommend short-selling, while others speculate that Net blue chips have nowhere to go but up.
Broadcast.com trading resumes update
The Nasdaq halts trading in the Internet broadcasting company after its stock surged as much as 74 percent, but resumes it after determining the rise was legitimate.
Amazon stock continues to soar
The book, video, music e-tailer surpasses $30 billion in market value after its stock surges on continued investor enthusiasm for anything Internet-related.
Upcoming earnings boost Net stocks
Fresh on the heels of a robust Christmas season that took several Net stocks to new highs, the sector is enjoying a new surge of momentum as investors await earnings reports.
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