The clean pates and luxuriant locks of Wall Street have their rally caps in place this morning, at least in the tech game, with enthusiasm about
helping to send major indices higher.
Coming off a strong analyst meeting yesterday, IBM was up 11 1/2 to 237 in early trading and was the
New York Stock Exchange's
biggest opening gainer.
Credit Suisse First Boston
were among the firms genuflecting in Large Cerulean's direction this morning.
Dow Jones Industrial Average
was up 67 to 11,067, but 54 points of that was coming from Fat Periwinkle. The
was up 7 to 1371.
The more tech-focused
Nasdaq Composite Index
was up 23 to 2629, led by
TheStreet.com Internet Sector
index was up 7 to 664.
was up 3 to 452.
The bellwether 30-year Treasury bond was up a strong 22/32 to 92 19/32, its yield easing to 5.78%.
Most Up at Open -- Nasdaq
CMGI (CMGI) , up 5 5/8 to 245 3/8
: The company formed an alliance in which
will take a $200 million stake in CMGI.
Most Down at Open -- NYSE
Most Down at Open -- Nasdaq
Immunex (IMNX) , down 5 5/8 to 133 13/16
: The stock soared yesterday on word that Immunex will seek expanded uses of its
drug for rheumatoid arthritis.