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Stocks Trek Lower, Internet Names Like Ebay & Amazon Lift Nasdaq

TheStreet

Major U.S. Markets are mostly flat but slightly lower except the Nasdaq, which is getting a bump up from some big names in Internet. Ebay (EBAY) and Amazon (AMZN) are trading higher. Amazon unveiled its new products for its web services business. And Wall Street is liking the company's latest initiatives in cloud computing. The Gap continues to fall after reporting its Same Store Sales fell in June. Sales at the Gap and its higher-end Banana Republic stores both fell last month But the company says its lower-end Old Navy chain fared better, gaining 7 percent. TheStreet's Susannah Lee has the latest on Wall Street.