Techs pop at open

NEW YORK (CNNMoney.com) -- Techs rose and the broader market wobbled Monday morning as Wall Street caught its breath after last week's big run and geared up for a slew of economic and earnings reports due later in the week.

The tech-fueled Nasdaq composite (up 7.18 to 2,396.90, Charts) added 0.4 percent in the early going. The Dow Jones industrial average (down 1.60 to 12,106.83, Charts) and the broader S&P 500 (up 0.10 to 1,381.00, Charts) index were both little changed.

Stocks were mixed Friday at the end of an otherwise upbeat week on Wall Street, as investors eyed bullish earnings, lower oil prices and news that the Democratic Party would now control Congress.

Although Monday was quiet on the news front, the week is set to be an active one.

Home Depot, Wal-Mart Stores and a host of other retailers report quarterly earnings.

In addition, economic readings are due on retail sales, producer and consumer prices, manufacturing, housing and business inventories.

U.S. light crude oil for December delivery sank 74 cents to $58.85 a barrel in electronic trading.

Treasury prices fell, raising the yield on the benchmark 10-year note to 4.61 percent from 4.59 percent late Friday. Bond prices and yields move in opposite directions.

COMEX gold fell $4.70 to $625.40 an ounce.

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