Stocks Open Modestly Higher

The rise comes after Wednesday's tumble.
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Stocks opened higher after yesterday's widespread selloff.

The

Dow Jones Industrial Average

was up 35 to 9231. The

S&P 500

was up 5 to 1229. The

Nasdaq Composite Index

was up 16 to 2265. The

Russell 2000

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

Aegon (AEG) - Get Report, up 5 3/8 to 100 1/8

: The Netherlands' Aegon, the parent company of

Aegon USA

, is buying

Transamerica

(TA) - Get Report

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

Mannatech (MTEX) - Get Report, down 7 7/8 to 23 7/8

: The company has had a sharp runup after going public earlier this week.