Selected Internet stocks continued to climb today, defying the political turbulence roiling Washington. Auction site eBay, San Jose, Calif., and book and music retailer Amazon.com, Seattle, reported record highs Monday afternoon. EBay was up $43-1/8, reaching $295-3/8, and Amazon.com rose $31.25 to $318-15/16. After announcing an expanded distribution deal today, Yahoo!, Santa Clara, Calif., and auction site Onsale, Menlo Park, also climbed, with Yahoo! gaining $32-3/32 to reach $244-13/32 and Onsale hitting $66.75, up $23.25. America Online, Dulles, Va., was up $12-1/8 to $116-3/8, and Dell Computer Corp., Round Rock, Texas, rose $2.75 to $70-5/8 in the wake of their announcement of a multiyear marketing agreement in which Dell will feature AOL on its consumer computers. Dell computers will contain AOL software and include 100 free hours of AOL time for the first month of service.
Copyright December 1998, Crain Communications Inc.