Stocks were mostly lower early on as bonds tumbled after rallying



Donaldson Lufkin & Jenrette

downgraded chip titan


(INTC) - Get Report

to market perform from buy.


Dow Jones Industrial Average

was up 7 to 9313. The

S&P 500

was down 4 to 1235.


Nasdaq Composite Index

was down 10 to 2279. The

Russell 2000

was up fractionally at 393. Internet Sector

was down 2 to 508. E-Commerce Index

was down fractionally at 97.

The 30-year Treasury bond was down 26/32 to 94 15/32, yielding 5.65%.

On the economic front, the

National Association of Purchasing Management

will release its

Purchasing Managers Index

at 10 a.m. EST.

Most Up at Open -- NYSE

Hertz (HRZ) , up 1 15/16 to 41 3/4


Most Up at Open -- Nasdaq

North Face (TNFI) , up 3 1/8 to 16

: The company said its board of directors approved an agreement covering a recapitalization, resulting in CEO James Fifield and

Leonard Green & Partners

acquiring North Face for $17 cash per share.

Most Down at Open -- NYSE

STMicroelectronics (STM) - Get Report, down 3 3/8 to 84


Most Down at Open -- Nasdaq

eBay (EBAY) - Get Report, down 7 1/4 to 326 3/4

: The government Jan. 29 asked the online auctioneer for information relating to an investigation of possible illegal transactions in connection with eBay's Web site. eBay said it is fully cooperating with the inquiry.