
Stocks Mostly Higher After Monday's Collapse
The market's major barometers were mostly higher early on as technology and Internet stocks begin to bandage the heavy losses they suffered
yesterday while a flood of key earnings reports hit Wall Street.
The
Nasdaq Composite Index
was up 23 to 2369.
TheStreet.com Internet Sector
index was up 4 to 565.
The
Dow Jones Industrial Average
was down 13 to 10,428. The
S&P 500
was up 4 to 1294. The
Russell 2000
was up 2 to 414.
The 30-year Treasury bond was down 4/32 to 95 31/32, yielding 5.53%.
Philip Morris
(MO) - Get Report
recently posted first-quarter operating earnings of 80 cents a share, in line with the 12-analyst estimate. It was up 3/4 to 33 7/8.
Most Up at Open -- NYSE
Citigroup (C) - Get Report, up 3 1/4 to 73
: Citigroup set a 3-for-2 stock split.
Morgan Stanley Dean Witter
raised its 12-month price target on the stock to $87 from $79.
Most Up at Open -- Nasdaq
DoubleClick (DCLK) , up 9 5/8 to 113 5/8
:
Goldman Sachs
upgraded the company to its recommended list.
Most Down at Open -- NYSE
Telebras (TBH) , down 2 11/16 to 84 5/8
.
Most Down at Open -- Nasdaq
Go2Net (GNET) , down 10 1/4 to 136 1/2
.