Wall Street is lined with revelers ready for a ticker-tape parade, but after the volatility of last week, let's hope we have more than the New York Yankees to celebrate today.

On electronic trading brokerage

Instinet

this morning,

Terra

(TRRA)

lately was up $2.88 to $22. The company just completed its merger with

Lycos

(LCOS)

. The combined company will start trading on the

Nasdaq

under the ticker TRLY on Tuesday. Lycos was suspended from trading.

Amgen

(AMGN) - Get Report

was trying to regain some of its losses from last week after the company issued lowered

sales projections. It was up 6 cents from its Friday closing price of $59.37.

Also,

Nortel

(NT)

, which was last week's big loser, made gains early on but lately was continuing its downward slide. It was lately about 56 cents lower than its Friday close of $42.56.

There's not much conviction in futures action this morning. The

TST Recommends

S&P 500 futures on

Globex

lately were down 4.5 to 1396.5, about 7 points above fair value as calculated by

Prudential Securities

.

Nasdaq 100

futures were down 22.5 to 3200, or about 2 points below fair value as calculated by

TheStreet.com

.

Europe's major indices were lower going into midsession, with France's

CAC-40

off 0.02%, Germany's

Xetra Dax

down 0.19% and the U.K.'s

FTSE 100

0.42% lower. Japan's

Nikkei 225

lost 0.81% overnight, while Hong Kong's

Hang Seng

slipped 0.69% (see today's

Asian Markets Update for more).

For Friday's postclose trading, see The Night Watch.