Stocks were up strongly at the open, led by the technology sector, which boosted the

Nasdaq Composite Index

2%.

The Nasdaq Comp was up 43 to 2408.

Elsewhere, the

Dow Jones Industrial Average

was up 97 to 9764. The

S&P 500

was up 13 to 1281. The

Russell 2000

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

First Call

12-analyst estimate of $1.34 and up from the year-ago $1.10.

Most Up at Open -- Nasdaq

eBay (EBAY) - Get Report, up 14 3/8 to 159 3/4

:

America Online

(AOL)

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

.