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.
was up 4 to 1336. The
Nasdaq Composite Index
was up 1 to 2486. The
was up fractionally to 433.
TheStreet.com 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
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.
, 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
priceline.com (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
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
15-analyst forecast called for earnings of 21 cents vs. the year-ago 12 cents.
Most Down at Open -- Nasdaq
: 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.