Friday, November 24, 2006

eBay, Amazon, dollar drop lead Internet shares lower

SAN FRANCISCO (MarketWatch) -- Shares of online sellers Amazon.com Inc. , eBay Inc. and other large Internet companies were trading mostly lower at the start of Friday's abbreviated session. To a large degree, the Internet sector was ambushed by the recently-reported steep decline in the dollar.

But shares of online retailers Amazon, eBay, Overstock.com and others were also buffeted by investors seeking clues to how they are faring on what is historically a big day for online shopping. Meanwhile, the Dow Jones Internet Index and the Nasdaq Composite Index were both off by 0.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

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