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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (6799)	10/15/2002 8:27:18 AM
From: 2MAR$	of 57110

Before the Bell - Futures jump as Citigroup, Unisys rise NEW YORK, Oct 15 (Reuters) - Equity index futures rose sharply early on Tuesday as shares of Citigroup Inc. <C.N> moved higher in pre-open trade after the No. 1 U.S. financial services firm posted upbeat quarterly earnings. Shares of Citigroup rose to $32.50 on the Instinet system in dealings ahead of the official Wall Street open from a close of $30.31 on Monday. Citigroup on Tuesday before the open reported higher third-quarter earnings as strong retail lending results offset problem loans and sluggish trading revenues. Shares of Unisys Corp. <UIS.N> rose to $8.18 from a close of $6.76. The computer services and hardware company had higher earnings as tight cost controls helped improve profits in its services and hardware divisions even as overall sales fell. Looking at the broader market, equity index futures were trading sharply higher across the board. The Nasdaq 100 December contract added 25.50 points to 933 and Standard & Poor's 500 <.SPX> futures were up 20.40 points at 862 while Dow futures gained 170 points at 8,028. ((-- Wall Street Desk, 646-223-6114))

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