An upbeat session led by Internet shares and other tech stocks got under way with index gains across the board.
Nasdaq Composite Index
was setting the pace among major indices, lately up 26 to 2552. As they did yesterday,
were the early leaders among the Comp's largest issues.
TheStreet.com Internet Sector
index was up 11 to 646, sparked higher by
Morgan Stanley Dean Witter's
to strong buy from outperform.
Dow Jones Industrial Average
was up a more modest 46 to 11,053 and the
was up 10 to 1350. The small-cap
continued its recent strength, up 2 to 444.
The bellwether 30-year Treasury bond was up 1/32 to 92 12/32, its yield edging down to 5.79%.
Most Up at Open -- NYSE
America Online, up 10 5/16 to 138 5/8
: In addition to the Morgan Stanley Dean Witter upgrade, AOL said it entered partnerships with four companies to develop its
product. The companies are the
Hughes Network Systems
Most Up at Open -- Nasdaq
Immunex (IMNX) , up 24 to 131
: The company late
yesterday said it plans to seek federal approval to market its
drug to early-stage rheumatoid arthritis patients.
Most Down at Open -- NYSE
Most Down at Open -- Nasdaq
: CNet soared yesterday on news of its participation in the
venture, which also includes