/// Web Stocks Catch a Break Today, Heading Up in Overall Stock Rally

August 7, 2012  |  All Things Digital


Internet stocks got a much needed boost today, after the market rose to its highest levels in three months on solid earnings reports and less worry about the economic disaster in Europe. The downhill-sliding of Facebook stopped again today, with a 3.9 percent rise to close at $21.92. While still off more than 42 percent since its May IPO, the social networking giant got itself back on the prettier side of $20. Content portal AOL also had a 3.7 percent gain, likely due to news of a patent dispute settlement, to close at $33.83. It is up an impressive 124 percent for the year. LinkedIn, one of the few Class of Web 2.0 winners, rose 2.8 percent to $111.55; the business network is up 77 percent for the year.

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Web Stocks Catch a Break Today, Heading Up in Overall Stock Rally



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