/// Web Stocks Catch a Break Today, Heading Up in Overall Stock Rally
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.
Here is the original post:
Web Stocks Catch a Break Today, Heading Up in Overall Stock Rally
- 10/28/2015 • The Weather Channel’s Future Just Got Harder to Predict After Digital Sell-Off
- 10/02/2015 • If He Wasn’t on Dancing With the Stars, Train Hero Would Have Been on Oregon Campus
- 09/18/2015 • These Are the 7 Keys to Pulling Off a Perfect Emmys Telecast
- 08/14/2015 • China Giants Alibaba, Tencent Invest in CMC’s Smart-TV Startup