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Monday, December 28, 1998 Published at 16:07 GMT


Business: The Markets

Wall Street market report




[ image:  ]
Monday open

Internet stocks lifted US shares in very thin trading early on Monday, following reports that online retailing boosted otherwise gloomy sales over the Christmas period.

At 1600 GMT the Dow Jones industrial average was up 25.23 points at 9,241.53, building on last week's gain of 314 points and approaching its record high of 9,380.

The technology-heavy Nasdaq average was up 24 points at 2,187 and the S&P 500 was up 4 points at 1,230.

Among Internet stocks, America Online (AOL) was up 4-3/16 at 140-7/8 on the New York Stock Exchange. The company is scheduled to join the S&P 500 index in the new year.

Also among the day's early winners was Amazon.Com, the online book, video and music retailer, which was up 11-3/16 at 336 while Yahoo!, the most popular site on the World Wide Web, was up 11-3/8 at 258-1/2.

Shares in car manufacturer DaimlerChrysler were trading 3-7/8 higher at 98-1/16 after the company announced a significant boost in full-year profits in 1998 and a 13% full-year rise in sales.



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