Amazon.com, the online bookseller, fell 3.5 per cent, and Charles Schwab, the on-line brokerage, dropped 5.5 per cent as investors took profits after Monday's surge in Internet stocks.
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NEW YORK shares drifted upwards, as higher than expected holiday sales in the US compensated for a fall in Internet stocks. In early afternoon trading, the Dow Jones rose 0.3 per cent to 9,256, while the Nasdaq fell 0.25 per cent to 2,174.