Stocks were up strongly at the open, led by the technology sector, which boosted the
Nasdaq Composite Index
The Nasdaq Comp was up 43 to 2408.
Dow Jones Industrial Average
was up 97 to 9764. The
was up 13 to 1281. The
was up 5 to 389.
Internet stocks were flying.
TheStreet.com Internet Sector
index was up 28 to 622.
TheStreet.com E-Commerce Index
was up 5 to 112.
The 30-year Treasury bond was up 4/32 to 96, yielding 5.53%.
Most Up at Open -- NYSE
Morgan Stanley Dean Witter (MWD) , up 5 to 103 3/8
: The company posted first-quarter earnings of $1.76 a share, blowing away the
12-analyst estimate of $1.34 and up from the year-ago $1.10.
Most Up at Open -- Nasdaq
and eBay set a four-year marketing pact under which eBay will pay AOL $75 million over the term of the deal. Separately, eBay said it filed a registration statement with the
Securities and Exchange Commission
for a proposed public offering of 6.5 million shares of stock.
Most Down at Open -- NYSE
Unocal (UCL) , down 7/8 to 34 3/4
Most Down at Open -- Nasdaq
KTI (KTIE) , down 1 9/16 to 13 3/16