Stocks Stumble in Early Trading

Amazon.com is one of the few bright spots in an otherwise lackluster market.
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That didn't take long.

After opening slightly higher, the market's major gauges quickly reversed course and within roughly 10 minutes after the opening bell, all the widely watched averages were in negative territory.

The

Dow Jones Industrial Average

was down 45 to 10,418. The

S&P 500

was down 6 to 1317.

The

Nasdaq Composite Index

was down 23 to 2499. The

Russell 2000

was down fractionally at 418.

TheStreet.com Internet Sector

index was down 6 to 672, while

Amazon.com

(AMZN) - Get Report

, an index component, bucked the trend and soared. It was up 18 1/8, or 11%, to 182 1/8 after

Donaldson Lufkin & Jenrette

analyst Jamie Kiggen upgraded the stock to top pick from buy. Kiggen also raised his six-to-12-month price target on the stock to $280 from $190.

Meanwhile,

TheStreet.com E-Commerce Index

was down 1 to 133.

The 30-year Treasury bond was down 9/32 to 95 22/32, yielding 5.55%.

Most Up at Open -- NYSE

Eastman Kodak (EK) , up 3 13/16 to 70 3/8

: The company posted first-quarter earnings of 80 cents a share, excluding a charge, beating the

First Call

11-analyst estimate of 76 cents, and up from the year-ago 73 cents, which excludes a charge. Kodak posted first-quarter sales of $3.1 billion, up 6% from the year-ago period. Strong volume gains for consumer film in the U.S. and worldwide and a return to sales growth in a number of emerging markets boosted sales, Kodak said.

Morgan Stanley Dean Witter

upgraded Kodak to outperform from neutral.

Most Up at Open -- Nasdaq

Amazon.com (AMZN) - Get Report, up 16 5/8 to 183 7/8

.

Most Down at Open -- NYSE

National Discount Brokers (NDB) , down 2 7/16 to 53 1/16

.

Most Down at Open -- Nasdaq

AmeriTrade (AMTD) - Get Report, down 6 5/8 to 130

.