Mads~
Tom Veale? I have him tucked away just north of me and I'm not letting him go! Every now and then he'll post here. I owe him a pm or two [I owe everyone, sorry]. I'll tell him you're inquiring.
Did you say hi to mr big for me? the angel! he's helped with many a problem :-] does he not have the BEST voice you have ever heard?
will truly look into the stayhealthy thing. have been so busy with tax season. leaving tomorrow for a lil trip, but will be off and on SI [I have to watch my stocks!]
now the warm up, late as usual
NEW YORK, April 10 (Reuters) - A stronger bond market and momentum from a rebound in technology shares were expected to help the U.S. stock market open higher on Monday.
Although there was little economic news due out, Federal Reserve Chairman Alan Greenspan is scheduled to speak in Los Angeles at noon EDT (1600 GMT)about innovation in retail payments. Analysts did not anticipate the central banker would say anything that would move markets.
``I think the open should be relatively positive,' said Thom Brown, managing director of Rutherford Brown and Catherwood. ``But I don't think the volatility is going away. The strength in the bond market is going to be a help to the stock market.'
The Standard & Poor's 500 futures index for June was up 1.90 points at 1530.00 while the Nasdaq futures index for June climbed 28 points to 4,365.00.
The 30-year U.S. Treasury bond rose 4/32 with the yield flat with Friday's close of about 5.70 percent.
Technology stocks on Friday made a comeback from stomach-churning losses earlier in the week with the Nasdaq composite index (^IXIC - news) rising 178.89 points, or 4.19 percent, to 4,446.45.
Strength in technology components helped buoy the Dow Jones industrial average (^DJI - news), although it ended down 2.79 points, or 0.03 percent, at 11,111.48.
The broader Standard & Poor's 500 index (^SPX - news) finished up 15.01 points, or 1.00 percent, at 1,516.35.
Analysts said the tech rebound signaled a return to favor of the Internet-related companies, which are seen as having the potential for high returns despite higher risks. Blue chip stocks from traditional sectors lagged.
``I think the market will probably open higher,' said James Volk, co-director of institutional trading at D.A. Davidson & Co. "There was not an awful lot of news over the weekend.
Among the stocks expected to move on Monday, software giant Microsoft Corp. (NasdaqNM:MSFT - news) may be stripped of the rights to its Internet Explorer Web browser as part of the remedy in the government antitrust case it lost earlier this month, the Wall Street Journal reported in its online edition on Monday. The company's stock closed at 89-1/16.
Computer chip maker Intel Corp. (NasdaqNM:INTC - news) on Monday will announce plans to give away advanced security software on the World Wide Web, according to a report in the Wall Street Journal's online edition. The company's stock closed at 136-13/16.
Akamai Technologies Inc. (NasdaqNM:AKAM - news), which provides services that speed up delivery of Web content, announced a pact with Internet media company RealNetworks Inc. (NasdaqNM:RNWK - news) to improve the delivery of audio and video content over the Internet. Akamai closed at 145-11/16 and RealNetworks closed at 50.
Paper company Champion International Corp. (NYSE:CHA - news) was expected to report earnings before the market's opening. Its stock closed at 54-2/16. |
