Stocks opened higher after yesterday's widespread selloff.
Dow Jones Industrial Average
was up 35 to 9231. The
was up 5 to 1229. The
Nasdaq Composite Index
was up 16 to 2265. The
was up 2 to 391.
TheStreet.com Internet Sector
was up 10 to 469.
TheStreet.com E-Commerce Index
was up 1 to 97.
The benchmark 30-year Treasury bond was down 6/32 to 98 29/32, yielding 5.33%.
On the economic front, the overall
producer price index
in January rose 0.5%, while the core PPI, which excludes food and energy, fell 0.1%.
Most Up at Open -- NYSE
: The Netherlands' Aegon, the parent company of
, is buying
for $9.7 billion in cash and stock. The companies said the purchase is the second-largest transaction in the U.S. life insurance industry to date. Aegon will also assume about $1.1 billion of Transamerica's holding company debt.
Most Up at Open -- Nasdaq
Broadcast.com , up 11 9/16 to 69 3/4
Donaldson Lufkin & Jenrette
upgraded Broadcast.com to buy from market perform.
Most Down at Open -- NYSE
Schering-Plough (SGP) , down 1 5/16 to 53
Most Down at Open -- Nasdaq
: The company has had a sharp runup after going public earlier this week.