Weekly Internet Notes: CTCT, CTRP, SFLY, VRSN

Internet stocks started the week on a strong note but declined faster than broader indices on Tuesday and remained depressed throughout the remainder of the week. Macroeconomic factors such as the Iraq crisis, along with unimpressive news from McDonalds and Home Depot weighed on U.S. market indices. The technology sector was primarily dragged down by Apple, whose latest product launches did not resonate with investors. High beta Internet stocks felt a larger downward pull during the week.