Nasdaq Composite Index
was soaring out of the gate as quarterly earnings reports streamed down on Wall Street.
The Nasdaq Comp was up 39 to 2622. The
Dow Jones Industrial Average
was up 24 to 10,419.
Highlighting earnings so far today has been Dow component
, which blew away Street earnings estimates. J.P. Morgan reported first-quarter earnings of $3.01 a share, blowing away the
11-analyst estimate of $1.73 and up from the year-ago $1.80, which excludes a charge. The stock was up 6 11/16 to 135 1/2.
was up 3 to 1353. The
was up 4 to 422.
TheStreet.com Internet Sector
index was up 2 to 778.
TheStreet.com E-Commerce Index
was up 5 to 151.
The 30-year Treasury bond was down 4/32 to 96 11/32, yielding 5.50%.
Most Up at Open -- NYSE
Lucent (LU) , up 5 1/16 to 62 1/8
: The company said yesterday it expects second-quarter earnings to meet or beat analysts' expectations.
Most Up at Open -- Nasdaq
Net.B@nk (NTBK) , up 13 3/32 to 249
Most Down at Open -- NYSE
Chevron (CHV) , down 1 3/4 to 92 3/4
Most Down at Open -- Nasdaq
Infoseek (SEEK) , down 4 1/2 to 75
BT Alex. Brown
downgraded Infoseek to buy from strong buy.