Stocks Open in the Red

Earnings reports from Yahoo! and General Electric are pulling the market lower.
Publish date:

Major market barometers were mostly softer in the wake of a Wall Street-beating earnings report from



after the close yesterday and in-line results from

General Electric

(GE) - Get Report

before the open.

Yahoo! was down 7 3/8 to 199. Meanwhile, GE posted first-quarter earnings of 65 cents a share, in line with the

First Call

13-analyst estimate and up from the year-ago 57 cents. It was down 1 1/2 to 113.


Dow Jones Industrial Average

was down 21 to 10,064. The

S&P 500

was down 5 to 1322. The

Nasdaq Composite Index

was down 28 to 2516. The

Russell 2000

was down fractionally at 397. Internet Sector

index was down 15 to 685. E-Commerce Index

was down 2 to 122.

The 30-year bond was down 8/32 to 96 3/32, yielding 5.52%.

Most Up at Open -- NYSE

Donaldson Lufkin & Jenrette (DLJ) , up 3 to 81


Most Up at Open -- Nasdaq

Yahoo! (YHOO) , up 8 9/16 to 217

: The Internet portal company posted first-quarter operating earnings of 11 cents a share, topping the 25-analyst First Call estimate by 3 cents and the year-ago 2 cents.

Most Down at Open -- NYSE

Royal Dutch (RD) , down 1 5/8 to 51 3/4


Most Down at Open -- Nasdaq

HNC Software (HNCS) , down 12 1/32 to 14 3/4

: The company said it expects first-quarter earnings to fall short of Wall Street expectations. HNC said it expects to post earnings of between 15 and 17 cents a share, below the current First Call eight-analyst consensus estimate of 22 cents.

Credit Suisse First Boston

downgraded HNC to buy from strong buy.