Stocks Mostly Higher in Volatile Trading

Stocks opened higher, fell into negative territory, then climbed back in just a few minutes.
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After opening higher, then falling, stocks were lately on the firm side as most of the market's major barometers were in the green.

The

Dow Jones Industrial Average

was up 21 to 10,469. The

S&P 500

was up 1 to 1307. The

Nasdaq Composite Index

was down 5 to 2405. The

Russell 2000

was up 3 to 418.

TheStreet.com Internet Sector

index was up 11 to 607.

The 30-year Treasury bond was up 15/32 to 96 20/32, yielding 5.48%.

AMR

(AMR)

, parent of

American Airlines

, posted first-quarter operating earnings of 34 cents a share, a penny ahead of the

First Call

11-analyst estimate. AMR was up 3/4 to 68 9/16.

Most Up at Open -- NYSE

Sap (SAP) - Get Report, up 3 1/4 to 27 7/8

: The company posted better-than-expected quarterly results.

Most Up at Open -- Nasdaq

Qualcomm (QCOM) - Get Report, up 33 5/8 to 174 1/4

: The company yesterday reported second-quarter earnings, excluding charges, of 82 cents a share, up from 25 cents a year ago and well in excess of the First Call 15-analyst consensus of 59 cents. Including the charges, the company lost 59 cents a share.

Most Down at Open -- NYSE

BP Amoco (BPA) , down 2 5/8 to 104 5/8

.

Most Down at Open -- Nasdaq

Amgen (AMGN) - Get Report, down 6 1/2 to 62 1/2

: The company yesterday produced first-quarter earnings of 46 cents a share, up from 35 cents a year ago and 2 cents better than the 25-analyst estimate.

Morgan Stanley Dean Witter

downgraded Amgen to neutral from outperform.