Nasdaq Leads March Higher at Open

Tech and Internet issues are leading the charge.
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An upbeat session led by Internet shares and other tech stocks got under way with index gains across the board.

The

Nasdaq Composite Index

was setting the pace among major indices, lately up 26 to 2552. As they did yesterday,

Yahoo!

(YHOO)

and

Amazon.com

(AMZN) - Get Report

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

upgrade of

America Online

(AOL)

to strong buy from outperform.

The

Dow Jones Industrial Average

was up a more modest 46 to 11,053 and the

S&P 500

was up 10 to 1350. The small-cap

Russell 2000

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

AOL TV

product. The companies are the

DirecTV

and

Hughes Network Systems

units of

General Motors'

(GM) - Get Report

Hughes Electronics

(GMH)

arm;

Philips Electronics

(PHG) - Get Report

; and

Network Computer

.

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

Enbrel

drug to early-stage rheumatoid arthritis patients.

Most Down at Open -- NYSE

Tricon Global Restaurants (YUM) - Get Report, down 1 5/8 to 60 3/8

.

Most Down at Open -- Nasdaq

CNet (CNET) - Get Report, down 9 11/16 to 126 1/2

: CNet soared yesterday on news of its participation in the

NBC Internet

venture, which also includes

Xoom.com

(XMCM)

and

General Electric's

(GE) - Get Report

NBC

unit.