Internet stocks were solidly higher out of the gate as the major market barometers opened up modestly, while in Washington, the
Federal Open Market Committee
is meeting today.
Most analysts expect the Fed to leave interest short-term rates unchanged. The federal funds rate is currently at 4.75%.
TheStreet.com Internet Sector
index was up 7 to 427.
The Nasdaq Comp was up 6 to 2144 after closing yesterday at an all-time high of 2138.03, up 51.89, or 2.5%. The
was up 1 to 1204. The S&P 500 also closed at an all-time high yesterday at 1202.84, up 14.81, or 1.3%.
Dow Jones Industrial Average
was up 34 to 9023.
was up fractionally to 402.
Brokerage stocks were surging early on. The
American Stock Exchange Broker/Dealer Index
was up 2%.
The 30-year Treasury bond was lately down 19/32 to 102 30/32, yielding 5.11%.
Most Up at Open -- NYSE
Most Up at Open -- Nasdaq
uBid (UBID) , up 15 3/8 to 99 1/2
Most Down at Open -- NYSE
Most Down at Open -- Nasdaq
Monarch Dental (MDDS) , down 4 3/4 to 3 7/8
: The company said fourth-quarter and full-year net earnings would fall short of expectations.