Nasdaq launches internet index

Nasdaq Stock Market has launched the Nasdaq Internet Index, a benchmark index which is designed to track the performance of companies engaged in a broad range of internet-related services.

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 dot.com 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