*Yahoo Sets New Stock Low
Yahoo fell to $33-13/16 during the day to set the new low. The stock rallied to close at $34-15/16. Yahoo's stock had been as high as $250.
Yesterday's low was set following reports that Derek Brown, an analyst at W.R. Hambrecht, San Francisco, dropped Yahoo's rating from buy to neutral. Brown said recent trends in the Internet industry and the overall economy suggest that Yahoo's advertising problems could extend throughout all of next year, according to reports.
Yahoo has suffered as dot-com failures have cut into online advertising.