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MINI HOCKEY STICK Internet stocks gained ground last week as TheStreet.com's Internet Sector index rose 5 percent to 758. The Nasdaq Composite charted a similar course through the week, ending up 4 percent at 3930.

There were strong earnings announcements from Agilent, Brocade Communications, Ciena, CNET, Kana Communications, Lycos and Vignette. Hewlett-Packard also rose on a strong earnings report, but analysts responded with warnings about its revenues that stripped away many of the gains.

Aside from reacting to company earnings reports, investors await the Federal Reserve Board meeting Tuesday. A report on jobless claims -- 313,000, which exceeded the estimated 293,000 -- caused many to hope that the Federal Reserve wouldn't raise interest rates this week. A moderate Consumer Price Index also encouraged rate-watchers because it's another indication that Alan Greenspan will hold off on a rate hike.

MARCHING UPWARD Among TheStreet.com's index members, MarchFirst saw the strongest gains, closing up 25 percent on the week. The company will help automotive buying service Autoland strengthen both its online and offline services. Also moving higher on the week were eBay and Amazon.com, up 13 percent and 16 percent, respectively.

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