AT&T, eBay Earnings Jumpstart Stocks
Better-than-expected earnings from
eBay
(EBAY) - Get Report
and
AT&T
(T) - Get Report
helped in part lift major market averages early on.
AT&T, a Dow component, was up 1 7/16 to 54 3/8.
The
Dow Jones Industrial Average
was up 79 to 10,798.
The
S&P 500
was up 9 to 1369. The
Nasdaq Composite Index
was up 20 to 2672. The
Russell 2000
was up 2 to 437.
TheStreet.com Internet Sector
index was up 8 to 722.
The 30-year Treasury bond was up 4/32 to 95 12/32, yielding 5.57%.
Most Up at Open -- NYSE
Vodafone (VOD) - Get Report, up 3 3/16 to 187 13/16
.
Most Up at Open -- Nasdaq
eBay (EBAY) - Get Report, up 24 7/8 to 233 7/8
: After the close, the company posted first-quarter earnings of 5 cents a share, 3 cents ahead of the 10-analyst
First Call
forecast and above the year-ago penny.
Most Down at Open -- NYSE
Campbell Soup (CPB) - Get Report, down 1 7/16 to 41 1/2
:
Donaldson Lufkin & Jenrette
downgraded Campbell Soup to market perform from buy.
Most Down at Open -- Nasdaq
DoubleClick (DCLK) , down 22 5/8 to 149
: The company reported an operating loss of 13 cents a share, in line with the First Call 10-analyst estimate but narrower than the year-ago loss of 21 cents.