The

Nasdaq Composite Index

surged early on, leading the major market gauges on the upside.

The Nasdaq Comp was up 38 to 2518. The

Dow Jones Industrial Average

was up 83 to 9996. The

S&P 500

was up 12 to 1313. The

Russell 2000

was up 2 to 401.

TheStreet.com Internet Sector

index was up 16 to 660.

TheStreet.com E-Commerce Index

was up 3 to 113.

The 30-year Treasury bond was down 7/32 to 95 2/32, yielding 5.60%.

Most Up at Open -- NYSE

Nokia (NOKA) , up 5 1/8 to 161 1/2

.

Most Up at Open -- Nasdaq

VeriSign (VRSN) - Get Report, up 20 1/8 to 154 3/4

: The company set a 2-for-1 stock split.

Most Down at Open -- NYSE

Weatherford (WFT) - Get Report, down 1 5/16 to 27 5/8

.

Most Down at Open -- Nasdaq

Etec Systems (ETEC) , down 15 3/4 to 27 3/8

: The company said it will post a third-quarter loss of 35 cents to 45 cents a share, including charges it will record after cutting 90 jobs, or 8% of its semiconductor products group workforce. Excluding the charges, Etec expects earnings of 10 cents. The 12-analyst view called for earnings of 26 cents vs. the year-ago profit of 47 cents.