The

Dow Jones Industrial Average

was barely clinging above 10,000 late this morning as the rest of the market's major indices were lower.

Meanwhile,

LVMH Moet Hennessy Louis Vuitton

(LVMHY)

has launched a full takeover bid for

Gucci

(GUC)

. Gucci's stock has not traded today on the

New York Stock Exchange

. LVMH, meanwhile, was flat at 51 1/4.

The Dow was up 14 to 10,011, well off its best level of the session. At its peak, the Dow was up 87.69 to 10,085.31.

The

S&P 500

was down 1 to 1315. The

Nasdaq Composite Index

was down 9 to 2454. The small-cap

Russell 2000

was down 2 to 398.

The 30-year Treasury bond was down 12/32 to 96 5/32, yielding 5.52%.

TheStreet.com Internet Sector

index was up 3 to 620.

TheStreet.com E-Commerce Index

was down 1 to 116.

Meanwhile, index options, equity options and index futures options expire today.

On the

New York Stock Exchange

, decliners were beating advancers 1,534 to 1,229 on 439 million shares. On the

Nasdaq Stock Market

, losers were beating winners 1,980 to 1,420 on 451 million shares.

On the NYSE, 48 issues had set new 52-week lows while 44 had touched new highs. On the Nasdaq, 66 issues had set new lows while new highs totaled 54.

On the Big Board,

America Online

(AOL)

was most active, with 15 million shares changing hands. It was up 2 15/16 to 119 1/16.

Tech Focus

The major tech gauges were weaker. The

Nasdaq 100

and the

Morgan Stanley High-Tech 35

were down 1%. The

Philadelphia Stock Exchange Computer Box Maker Index

was down 2%. The

Philadelphia Stock Exchange Semiconductor Index

was down 1%.

The biggest loser on the Nasdaq was

Cambridge Technology Partners

(CATP)

, which was down 9 1/16, or 43%, to 11 15/16. After the close yesterday, it warned it expects to post first-quarter earnings of 12 cents to 14 cents a share due to slower sales. The

First Call

23-analyst forecast called for 24 cents vs. the year-ago 20 cents. The stock was also most active on the Nasdaq, with 20 million shares changing hands. A host of analysts also downgraded the stock.

In the Newsletters

Intel

(INTC) - Get Report

is expected to hit harder on the sub-$1,000 personal computer market front Monday with the launch of a faster Celeron chip, according to a story on

Computer Reseller News'

Web site, citing industry sources.

The new 433MHz Celeron processor will follow January's debut of 400MHz and 366MHz Celerons. Systems with the new chip would be available beginning Sunday, the article said. The chip giant declined to comment, the article said.

Intel was up 1 3/16 to 123.

10:58 a.m.: Dow Above 10,000 but Well Off Its Session Highs

The

Dow Jones Industrial Average

continued to trade above 10,000, but was well off its session highs, as the market's major barometers turned mixed at midmorning.

Amid the Dow 10,000 hoopla, market breadth was negative on both the

New York Stock Exchange

and the

Nasdaq Stock Market

.

The Dow so far has been powered by

United Technologies

(UTX) - Get Report

, which was up 2 11/16 to 134 11/16.

The blue-chip average was up 20 to 10,018. At its peak, the Dow was up 87.69 to 10,085.31 before fading.

The Dow's surge as of late has been astounding. Since March 3, the Dow has risen approximately 742 points.

"The next couple of years look terrific too" for the Dow, said a bullish Steven Adler, president of

Vector Index Advisors

.

For the Dow, its price-to-earnings ratio is less than the

S&P 500

, noting that Dow components give a better price, better dividends and better earnings than the broad market, said Adler.

As for Dow 10,000, Adler said: "This landmark isn't anything special because we're in the first third of a golden era" started eight to 10 years ago, an era he said has "a lot left in it."

Meanwhile, the S&P 500 was down 1 to 1316.

The

Nasdaq Composite Index

was down 9 to 2453. The small-cap

Russell 2000

down 1 to 398.

TheStreet.com Internet Sector

index was up 1 to 619.

TheStreet.com E-Commerce Index

was down 1 to 116.

Today's triple witching -- the expiration of index options, equity options and index futures options -- is also a factor which is expected to influence prices today.

The 30-year Treasury bond was up 2/32 to 96 19/32, yielding 5.49%.

On the NYSE, decliners were beating advancers 1,427 to 1,189 on 342 million shares. On the Nasdaq, losers were beating winners 1,707 to 1,402 on 334 million shares.

On the NYSE, 41 issues had set new 52-week highs while 41 had touched new lows. On the Nasdaq, 50 issues had set new lows while new highs totaled 47.

On the Big Board,

America Online

(AOL)

was most active, with 12 million shares changing hands. It was up 1 3/4 to 117 15/16.

On the Nasdaq,

Cambridge Technology Partners

(CATP)

was most active, with 15 million shares changing hands. It was down 9 1/16, or 43%, to 11 15/16. Yesterday the company warned it expects to post first-quarter earnings of 12 cents to 14 cents a share due to slower sales. The

First Call

23-analyst forecast called for 24 cents vs. the year-ago 20 cents.

9:51 a.m.: Dow Breaks Through 10,000 Convincingly at Open

The

Dow Jones Industrial Average

opened above 10,000 and was firmly higher early on as it renews its quest to close above 10,000.

The Dow was up 52 to 10,050. The

S&P 500

was up 4 to 1321. The Dow and S&P 500 both closed at record highs yesterday.

The

Nasdaq Composite Index

was up 16 to 2479. The

Russell 2000

was down fractionally at 399.

TheStreet.com Internet Sector

index was up 15 to 633. The index is again in record territory after closing at a record high yesterday.

TheStreet.com E-Commerce Index

was up 3 to 119.

The 30-year Treasury bond was up 4/32 to 96 20/32, yielding 5.48%.

Most Up at Open -- NYSE

STMicroelectronics (STM) - Get Report, up 5 1/8 to 102 1/2

.

Most Up at Open -- Nasdaq

RealNetworks (RNWK) - Get Report, up 9 to 136

.

Most Down at Open -- NYSE

Providian (PVN) , down 1 11/16 to 111 7/8

.

Most Down at Open -- Nasdaq

Cambridge Technology Partners (CATP) , down 9 11/16 to 11 5/16

: The company yesterday warned it expects to post first-quarter earnings of 12 cents to 14 cents a share due to slower sales. The

First Call

23-analyst forecast called for 24 cents vs. the year-ago 20 cents.