Stocks Little Changed in Quiet Trading

Attention today is on the Treasury market, which is skyrocketing.
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While stocks meandered through the session, the 30-year Treasury bond soared, sending its yield down well below 6%.

Major market averages -- which ended mixed -- traded in a relatively narrow range throughout the session. The

Dow Jones Industrial Average

, however, did manage to close at an all-time high.

Looking ahead, stock traders and investors will have plenty of earnings reports to chew on this week. While the number of companies reporting earnings today was light for the most part, the pace will pick up tomorrow. Among some of the companies expected to release earnings tomorrow according to

First Call

:

Intel

(INTC) - Get Report

,

Merrill Lynch

(MER)

,

International Paper

(IP) - Get Report

,

Motorola

(MOT)

and

PaineWebber

(PWJ)

.

As for the benchmark Treasury, it rallied sharply. Technical strength and flight-to-quality buying -- thanks in part to a swoon in Argentine stocks and bonds -- were cited for the huge advance in the long bond.

On the

New York Stock Exchange

, decliners beat advancers 1,631 to 1,371 on 668.8 million shares. On the

Nasdaq Stock Market

, winners beat losers 2,065 to 1,923 on 970.9 million shares.

On the NYSE, 115 issues set new 52-week highs while 51 touched new lows. On the Nasdaq, 230 issues set new 52-week highs while new lows totaled 32.

On the Big Board,

Compaq

(CPQ)

was most active, with 15.6 million shares changing hands. It was down 5/16 to 26 7/16.

On the Nasdaq,

Dell

(DELL) - Get Report

was most active with 35.2 million shares changing hands. It was up 13/16 to 43 5/8.

SG Cowen

upgraded Dell to strong buy from buy today.

Market data above are preliminary. Updated numbers and analysis will follow in the Market Roundup

Earlier...

2:59 p.m.: Stocks Little Changed in Quiet Trading

While the 30-year Treasury bond skyrocketed, stocks sat back and played spectator as the long bond's yield dropped to 5.92%.

1:58 p.m.: Stocks Mostly Higher as Bond Market Skyrockets

Major market barometers were mostly higher, while the benchmark 30-year Treasury bond took flight.

12:57 p.m.: Midday Musings: Market Confounds Expectations With a Session of Strugglet

11:56 a.m.: Stocks Mostly Lower in Narrow Range Trading

After rising to all-time highs Friday, the

Dow Jones Industrial Average

, the

S&P 500

and the

Nasdaq Composite Index

were taking a little breather and were softer late this morning.

10:58 a.m.: Stocks Mixed as Treasuries Rise

After rising early on, major stock proxies turned mixed, while the 30-year Treasury bond firmed.

9:49 a.m.: Stocks Add Modestly to Friday's Record Closes

Stocks were slightly higher early on, while traders and investors digested a host of merger and acquisition news.