The major market barometers were mixed early on, while Internet stocks were getting hammered.
Dow Jones Industrial Average
was up 28 to 10,860. The
was up 2 to 1364. The
Nasdaq Composite Index
was down 7 to 2595. The
was down 1 to 434.
TheStreet.com Internet Sector
index was down 14 to 683.
stock has been delayed because of an imbalance and will be dramatically lower once it opens for trading after the company restated results for the fourth quarter and year to reverse more than $40 million in improperly recorded software sales because they were subject to contingencies. The company also revised its full-year earnings goal for fiscal year 2000 to $2.50, down from its previous goal of $3.
The 30-year Treasury bond was down 22/32 to 94 5/32, yielding 5.59%.
Most Up at Open -- NYSE
Mead (MEA) , up 1 15/16 to 40 1/2
Most Up at Open -- Nasdaq
Walbro (WALB) , up 7 1/16 to 19 3/8
, a UK-based global automotive supplier and engineering company, announced a tender offer for Walbro, an Auburn Hills, Mich., manufacturer of vehicle fuel storage and delivery systems.
Most Down at Open -- NYSE
Most Down at Open -- Nasdaq
MindSpring (MSPG) , down 6 3/16 to 109 1/2
: The Internet services provider yesterday posted first-quarter earnings of 16 cents a share, beating the First Call eight-analyst estimate and up from the year-ago 8 cents.