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After Friday's gory selloff, the brave and the bullish were struggling to scrape the


Dow off the floor this morning. But tech stocks were having a tough time getting unstuck. The

Nasdaq was lately bobbing just below the flatline.

Volume was light, as usual, and breadth was narrowly mixed. Winning stocks were beating losing stocks by just 14 to 12 on the NYSE, while losers were beating winners by 18 to 13 on the Nasdaq.

Retail giant


(WMT) - Get Walmart Inc. Report

and home-improvement leader

Home Depot

(HD) - Get Home Depot Inc. (The) Report

were providing some ammunition to the Dow after beating and meeting earnings estimates, in that order. But Home Depot was doing the heavy lifting, adding 13.4 points of upside to the index. Wal-Mart was giving the Dow a smaller 9 point kick.

Wal-Mart beat lowered analyst estimates by a penny, at 45 cents per share, while Home Depot met its lowered estimates at 20 cents a share.

wrote separate stories on

Wal-Mart and

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Home Depot's earnings.

But the Nasdaq couldn't seem to get up from under the weight of last week's earnings warnings. Friday's guilty three continued falling today. Networker

Nortel Networks


and PC makers





(DELL) - Get Dell Technologies Inc. Class C Report

all warned of continuing weakness in coming quarters, and were largely responsible for Friday's selloff. Nortel was lately down 2.6%, H-P was falling 7.8% and Dell was off 3.2%.

Some negative comments from

Lehman Brothers

this morning on tech-gear makers didn't help either, and chip stocks and communications-equipment makers were in the dumps today. Lehman this morning reduced its estimates on communications-equipment maker

JDS Uniphase


, echoing recent calls by

Merrill Lynch


Credit Suisse First Boston

. JDS was falling 8.3% as the second-most actively traded stock on the Nasdaq. Nearly a week and a half after announcing its own warning,


(CSCO) - Get Cisco Systems Inc. Report

remains one of the most actively traded on the index. So far this morning, it's trading down 3.5%.

Lehman also cut estimates on communications-equipment maker



, and on chipmaker

Applied Micro Circuits


because of concerns about the optical slowdown. It also had negative views about



. Investors were slashing some5.1% from Broadcom, cutting 11.1% from Applied Micro Circuits and biting a 7.5% hole in PMC Sierra.

The market may want a rally, but most folks don't think it will see anything lasting until there's some real improvement in both corporate earnings and the economy -- or at least until the fog lifts and

visibility improves. A bunch of Wall Street's high-tech corporate hot-shots have recently said that their crystal balls are getting awfully murky, and they no longer have a clear sense of their future business performance.

So watch for any errant earnings warnings. As the fourth-quarter earnings season winds to a close, companies and investors are looking ahead to first-quarter earnings. A report that came out on Friday from earnings tracker

First Call/Thomson Financial's

Joseph Kalinowski suggested that the unofficial earnings warning season may get off to an early start for the first quarter.

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Sector Watch

Retail stocks were getting the obvious boost from Home Depot and Wal-Mart earnings, and the

S&P Retail Index

was up 2.97%.

Financials and tech stocks were getting the most flack from investors. The

American Stock Exchange Broker/Dealer Index

was off 3.1%, the

Philadelphia Stock Exchange/KBW Bank Index

was down 1.94%.

In tech, Wall Street was socking it to the PC makers, the chipmakers and the networking stocks. The

Philadelphia Stock Exchange Semiconductor Index

was tumbling 3.1% and the

American Stock Exchange Networking Index

was down 2.5%.

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Treasury prices were falling again this morning after slipping for four successive days, as the money market has been trimming its hopes for an aggressive interest-rate cut next month. The decrease in value was steepest at the long end last week, with the 30-year bond finishing two-thirds of a point lower.

This morning, the benchmark 10-year

Treasury note was down 6/32 to 98 31/32, yielding 5.131%.

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