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Sector Wrap: Internet stocks fall with market



By AP
29 September 2008 @ 04:06 pm EST

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.

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Quotes
GOOG 262.43 2.87
YHOO 9.39 0.44
AMZN 37.87 2.84
OSTK 6.8 -1.03
EBAY 12.01 0.84
IACI 14.93 0.69

SYMBOL LOOKUP

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.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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