JEANNE MESERVE, CNN ANCHOR: All eyes on Wall Street. And at this hour, there is relief and some cautious optimism. Fears the market would start falling where it left off Friday were not met. The Dow and the Nasdaq are both in positive territory. CNN Financial Editor Myron Kandel is watching the numbers closely. Myron, what are we seeing?</s>MYRON KANDEL, CNN FINANCIAL EDITOR: Well, Jeanne, what we are seeing is a bounce back from that carnage of last week. The Dow, however, was up more than it is right now. We saw on the board the Dow is up 70 points. It was up 150 points earlier. So it's given back a good part of that earlier gain, but still in the plus column. We've got to be thankful for that. The Nasdaq composite is up 78 points. It was up about 133 earlier. So the market is bouncing around a good deal, but mostly on the plus side today, Jeanne.</s>MESERVE: So are we out of the woods, Myron?</s>KANDEL: No, we're not out of the woods yet. And I just want to hearken back to what happened in 1987 in that crash on October 19. The market did bounce from there, but then it retested its lows. It took another six weeks before the Dow bottomed down and started moving up again. A lot of people on Wall Street are looking for the market to bounce, but they're saying that may not be the final word. We have to watch for a while and see whether the market can maintain an upward direction over a period of time. It's too early, obviously, to tell right now, but so far so good, Jeanne.</s>MESERVE: Myron Kandel, thanks. And we'll get a live update from Wall Street at 15 past the hour. Search CNN.com CNNSI.com CNNmoney.com The Web
Stock Watch: Dow, Nasdaq Creep Into Positive Territory