| M December 23, 2025 07:39 PM GMT Where Are We Trading Now: | Brian.Nowak@morganstanley.com | Update +1 212 761-3365 | | --- | --- | --- | | Internet North America | Morgan Stanley & Co. LLC | | | | Brian Nowak, CFA | | | | Equity Analyst | | | | Matthew Cost | | | | Equity Analyst Matthew.Cost@morganstanley.com | +1 212 761-7252 | | Wrapping up '25 | Nathan Feather | | | | Equity Analyst | | | | Nathan.Feather@morganstanley.com | +1 212 761-9812 | | Internet names were flat last week (SPX/NDX flat/+1%) wi ...