WASHINGTON - Internet stocks fell with the broader market on Monday as the Dow Jones Industrial Average plunged more than 700 points after the House defeated a government bailout plan intended to rescue the financial services sector from mounting mortgage-related losses.
Search engine giant Google Inc. saw its shares fall below $400 for the first time in two years. The stock fell $50.04, or 11.6 percent, to close at $381. The stock earlier dipped as low as $380.71.
Elsewhere, Yahoo Inc. shares fell $2.04, or 10.8 percent, to $16.88. They earlier traded at a new year low of $16.88.
Shares of IAC/Interactive Corp. lost $2.14, or 12.6 percent, to $14.86.
Internet retailing stocks were also off. Amazon.com Inc. fell $7.35, or 10.4 percent, to $63.35, while Overstock.com Inc. slid $2.29, or 11.3 percent, to $17.90.
Shares of online auction company eBay Inc. retreated $2.62, or 11.6 percent, to end at a new year low of $19.95.
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