After popping out of the gate, the major market averages faded and were little changed at midmorning.

The

Nasdaq Composite Index

was up 4 to 2263.

The

Dow Jones Industrial Average

was up 8 to 9305. The

S&P 500

was up 1 to 1226.

The

Russell 2000

was down 1 to 394.

The 30-year Treasury bond was down 10/32 to 94 12/32, yielding 5.64%.

In techland,

3Com

(COMS)

was down 3 7/16, or 13%, to 23 9/16, after its earnings warning

yesterday after the close. It was most active on the

Nasdaq Stock Market

on volume of 28 million shares.

TheStreet.com Internet Sector

was down 3 to 525.

TheStreet.com E-Commerce Index

was up 1 to 98.

Peter Cardillo, chief strategist at

Westfalia Investments

, sees the Dow trading in a range of 9300 to 9500 for the balance of the week.

On the

New York Stock Exchange

, decliners were beating advancers 1,225 to 1,190 on 195 million shares. On the Nasdaq, losers were beating winners 1,520 to 1,360 on 248 million shares.

On the NYSE, 33 issues had set new 52-week lows while 14 had touched new highs. On the Nasdaq, 34 issues had set new lows while new highs totaled 24.

On the Big Board,

Compaq

(CPQ)

was most active with 9 million shares changing hands. It was up 5/8, or 2%, to 32 9/16.

9:57 a.m.: Tech Rally Boosts Stocks

Stocks opened higher, led by the tech sector which pushed the market down

yesterday.

The

Nasdaq Composite Index

was up 20 to 2279. The

Dow Jones Industrial Average

was up 30 to 9327. The

S&P 500

was up 5 to 1230. The

Russell 2000

was up 1 to 396.

TheStreet.com Internet Sector

was up 12 to 540.

TheStreet.com E-Commerce Index

was up 3 to 100.

The 30-year Treasury bond was down 4/32 to 94 18/32, yielding 5.63%.

Most Up at Open -- NYSE

Nokia (NOKA) , up 1 3/8 to 136 3/8

.

Most Up at Open -- Nasdaq

Architel (ASYCF) , up 7 17/64 to 22 15/16

:

Amdocs

(DOX) - Get Report

yesterday said it plans to buy Architel in a stock deal valued at $400 million.

Most Down at Open -- NYSE

DaimlerChrysler (DCX) , down 2 1/16 to 88 7/8

.

Most Down at Open -- Nasdaq

StaffMark (STAF) - Get Report, down 2 15/16 to 9 1/2

: Yesterday the company issued a first-quarter earnings warning.