Nasdaq launches internet index

The index comprises 93 US securities including internet access providers, internet search engines, web hosting, website design and internet retail commerce. Major companies include Google, Amazon, Yahoo and eBay. “The internet sector as a whole has drastically changed since the bubble," says Steve Bloom, senior vice-president at Nasdaq. “The Bubble served the purpose of weeding out poorly run companies and allowing the strongest to survive and these companies have subsequently blossomed

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