Stocks Up Slightly After Tuesday's Selloff

The Treasury market is also in positive territory.
Publish date:

Stocks rose slightly in the early going in the wake of

yesterday's widespread selloff.


Dow Jones Industrial Average

was up 37 to 10,924.


S&P 500

was up 4 to 1336. The

Nasdaq Composite Index

was up 1 to 2486. The

Russell 2000

was up fractionally to 433. Internet Sector

index was down fractionally at 615.

The 30-year Treasury bond was up 7/32 to 93 21/32, yielding 5.70%.

In the news,

Procter & Gamble

(PG) - Get Report

said it is in the process of soliciting bids for its


hair care brand. Procter & Gamble said if it doesn't get an acceptable offer for Prell, it will retain the brand. Procter & Gamble was up 1/2 at 92 1/4.

Goldman Sachs

(GS) - Get Report

, which made a sterling trading debut yesterday, was down 1 13/16 to 68 9/16.

Most Up at Open -- NYSE

Time Warner (TWX) , up 2 7/16 to 69 1/2


Most Up at Open -- Nasdaq (PCLN) , up 7 3/16 to 141 3/16

: The company yesterday reported a first-quarter loss of 12 cents a share, a penny narrower than the

First Call

five-analyst outlook.

Most Down at Open -- NYSE

Newbridge Networks (NN) , down 9 5/16 to 27 1/2

: Newbridge yesterday warned that fiscal fourth-quarter earnings will come in around 12 to 14 cents a share. The

First Call

15-analyst forecast called for earnings of 21 cents vs. the year-ago 12 cents.

Most Down at Open -- Nasdaq

Autodesk (ADSK) - Get Report, down 4 5/8 to 23 7/8

: The company warned yesterday it sees first-quarter pro-forma earnings of 10 to 15 cents a share and diluted earnings of 2 to 5 cents a share due to customer transition in the company's product line. The First Call 10-analyst view called for a profit of 40 cents vs. the year-ago 55 cents.