Traders were taking it easy in the extra session Monday, as few stocks were moving and volume was almost nonexistent.

Two hours into extended trading, only 1.3 million shares had changed hands among the top-20 volume movers on the Instinet platform.

The

Nasdaq 100 Unit Trust

(QQQ) - Get Report

was the volume leader, inching up 0.1% to $32.23.

AT&T

(T) - Get Report

was also active, but the shares were unchanged at $13.31.

PeopleSoft

(PSFT)

was dropping 2.2% to $21.36 following word that the

Securities and Exchange Commission

is seeking sanctions against Ernst & Young for a business relationship the accounting firm had with the software maker while it was the company's auditor.

The SEC is alleging that Ernst & Young

violated regulations governing auditor independence, but the commission didn't suggest that PeopleSoft did anything wrong.

JNI

(JNIC)

was one of the biggest losers after the bell, falling almost 11% to $4.79. After the close, the company said its fourth-quarter sales were overstated because of an improperly recognized order. In addition, the company fired its chief executive. JNI is restating its fourth-quarter revenue down to $13 million from $13.5 million.

Chartered Semiconductor

(CHRT)

was one of the winners, gaining 3.9% to $24.01 after the company raised its guidance for the second quarter.

Among other active issues,

Qualcomm

(QCOM) - Get Report

was up 0.8% to $32.15, and

WorldCom

(WCOM)

was down 0.7% to $1.48.

Intel

(INTC) - Get Report

and

Sun Micro

(SUNW) - Get Report

were each gaining 0.4%.

Oracle

(ORCL) - Get Report

was adding 0.7%, and

Microsoft

(MSFT) - Get Report

was slightly lower. Three big drug companies,

Bristol-Myers Squibb

(BMY) - Get Report

,

Johnson & Johnson

(JNJ) - Get Report

and

Merck

(MRK) - Get Report

, were among the most active stocks, but all three were flat with their

4 p.m. EDT closing prices.