The major market averages were mostly higher early on, a day after the
Dow Jones Industrial Average
closed above 11,000 for the first time ever
(NYSE:GS) will begin trading today on the
New York Stock Exchange
. Shares of the investment bank were indicated at $70 to $80.Goldman's IPO was priced yesterday near the top of its range at $53 a share. An additional 9 million shares were added to the 60 million-share deal when Goldman exercised its overallotment option, bringing total proceeds to $3.7 billion.
wrote about the IPO in a story
The Dow was up 13 to 11,028. The
was down 1 to 1353. The
Nasdaq Composite Index
was up 3 to 2538. The
was up 2 to 435.
TheStreet.com Internet Sector
index was up 7 to 640.
The 30-year Treasury bond was down 8/32 to 93 29/32, yielding 5.68%.
Most Up at Open -- NYSE
Gatx (GMT) , up 1 7/8 to 37 3/16
Most Up at Open -- Nasdaq
Wang Global (WANG) , up 3 5/16 to 10 1/16
, a Dutch information technology company, is buying Wang in a deal worth about $2 billion. Getronics will buy all 46 million outstanding Wang shares for $29.25 each, a 15% premium over Wang's closing price yesterday.
Most Down at Open -- NYSE
Most Down at Open -- Nasdaq
Wall Data (WALL) , down 5 3/16 to 10 1/16
: The company yesterday warned it will report a fourth-quarter net loss due to its restructuring into two separate companies. The single-analyst estimate called for operating earnings of 25 cents a share vs. the year-ago profit of 7 cents. The company also said it hired an investment bank to explore the possibility of selling its
Internet-hosting business or spinning off its
enterprise information business.