Stocks were firm early on, led by the tech sector, in the wake of three big takeover announcements.
Nasdaq Composite Index
was up 29 to 2490. The
Dow Jones Industrial Average
was up 27 to 9814. The
was up 5 to 1292. The
was up 2 to 400.
TheStreet.com Internet Sector
index was up 13 to 656.
TheStreet.com E-Commerce Index
was up 2 to 115.
agreed to buy
for $26.8 billion in stock. Elsewhere,
said it is buying
in a deal valued at about $5.7 billion, while
King World Productions
for about $2.5 billion.
The 30-year Treasury bond was down 9/32 to 94 9/32 yielding 5.65%. In minutes, the
National Association of Purchasing Management
is slated release its March index.
Most Up at Open -- NYSE
America Online (AOL) , up 5 to 152 11/16
Most Up at Open -- Nasdaq
Most Down at Open -- NYSE
Most Down at Open -- Nasdaq
Iona Technologies (IONA) , down 13 1/2 to 16 7/8
: The company said first-quarter results will be below its expectations. The company expects to post a loss of between 3 cents a share and break-even, compared with earnings of 10 cents a share in the year-ago period.