Read today:
Monday, November 23, 1998
MARKET CLOSE
DJIA 9374.27 +214.72 (+2.34%)
S&P 500 1188.21 +24.66 (+2.12%)
Nasdaq 1977.42 +49.21 (+2.55%)
Value Line ndx 901.66 +9.79 (+1.10%)
30-Year Bond 99 30/32 -18/32 5.25% Yield
HEROES
Online retailer Cyberian Outpost (Nasdaq: COOL), which refers to itself as
"The Cool Place to Shop for Computer Stuff," tacked on a cool $10 5/8, or
73.9%, to $25 after the ShopperConnection "online mall" of specialty
retailers had its grand opening today. Fellow mall tenants rose on the
news as well, with online music seller CDnow (Nasdaq: CDNW) gaining $1
5/16 to $13 1/2 and Web-based travel services provider Preview Travel
(Nasdaq: PTVL) adding $2 1/16 to $17 3/16. Rounding out the shopping
network are privately held firms Datek Online, eToys,
Garden.com, PC
Flowers & Gifts, Virtual Vineyards, and Hollywood Entertainment's (Nasdaq:
HLYW)
Reel.com unit. The network, which was originally formed in October
with only four members, is being launched just before Black Friday and the
unofficial start of the holiday selling season stampede. The partners are
hoping the new site will be the Grinch that steals online Christmas sales
from multi-faceted retailer
Amazon.com (Nasdaq: AMZN), which for its own
part, closed up $37 3/8 at $218 today.