Tech, Internet Issues Lead on the Upside

The tech-heavy Nasdaq is up over 1% in early trading.
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Technology and Internet stocks were leading the market higher early on, as the

Nasdaq Composite Index

has jumped 1%.

The Nasdaq Comp was up 29 to 2620.

TheStreet.com Internet Sector

index was up 18 to 698.

The

Dow Jones Industrial Average

, meanwhile, was up fractionally at 10,690.

The

S&P 500

was up 1 to 1358. The

Russell 2000

was up 2 to 434.

The 30-year Treasury bond was down 21/32 to 94 11/32, yielding 5.65%.

Most Up at Open -- NYSE

IBM (IBM) - Get Report, up 5 to 204 3/4

.

Most Up at Open -- Nasdaq

priceline.com (PCLN) , up 16 7/16 to 104 7/16

:

Morgan Stanley Dean Witter

initiated coverage of the company with an outperform rating.

Most Down at Open -- NYSE

Campbell Soup (CPB) - Get Report, down 1 3/4 to 41

.

Most Down at Open -- Nasdaq

Exodus Communications (EXDS) , down 3 5/8 to 96 3/4

.