Stocks were little changed early on amid some merger-and-acquisition news, while
Donaldson Lufkin & Jenrette
trimmed its first-quarter revenue estimate on
DLJ cut its first-quarter revenue estimate to $5.3 billion from $5.5 billion and its earnings estimate to 15 cents a share from 17 cents. The current
30-analyst estimate calls for earnings of 16 cents a share. Dell was down 2 1/4, or 6%, to 38.
Meanwhile, in the M&A arena, in a mammoth deal,
in a transaction valued at $60 billion in stock and the assumption of debt.
Dow Jones Industrial Average
was down 1 to 9902. The
was up fractionally at 1299. The
Nasdaq Composite Index
was up 1 to 2422. The
was up fractionally at 397.
A quote on
TheStreet.com Internet Sector
was not immediately available.
TheStreet.com E-Commerce Index
was up 1 to 116.
The 30-year Treasury bond was up 6/32 to 95 23/32, yielding 5.55%.
Most Up at Open -- NYSE
Most Up at Open -- Nasdaq
Broadcast.com , up 13 1/4 to 98 1/4
Most Down at Open -- NYSE
Nokia (NOKA) , down 2 1/4 to 147 3/4
Most Down at Open -- Nasdaq