Stocks were mostly lower early on, with the Internet sector a bright spot.
TheStreet.com Internet Sector
was up 5 to 574.
TheStreet.com E-Commerce Index
was up 2 to 106.
Nasdaq Composite Index
was down 10 to 2383.
Dow Jones Industrial Average
was down 9 to 9685. The
was down 4 to 1276. The
was up 1 to 400.
The 30-year Treasury bond was down 9/32 to 95 19/32, yielding 5.55%.
Most Up at Open -- NYSE
America Online (AOL) , up 2 1/2 to 92 1/2
: Henry Blodget, Internet analyst at Merrill Lynch, who until
recently worked at
, has rated
both near-term and long-term buy.
Most Up at Open -- Nasdaq
Lycos (LCOS) , up 13 1/4 to 109 1/2
: Lycos' largest shareholder,
, has hired
Morgan Stanley Dean Witter
to seek other suitors for Lycos in an effort to thwart the company's planned merger with
The Wall Street Journal
reported that CMGI's chairman and chief executive, David S. Wetherell, said one of the options being considered is CMGI's outright purchase of Lycos.
Most Down at Open -- NYSE
: The German software company fell on concerns over slowing growth.
Most Down at Open -- Nasdaq
WPP Group (WPPGY) , down 2 3/4 to 86