SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Home on the range where the buffalo roam
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Boplicity who wrote (3471)9/4/2001 8:19:38 AM
From: Dealer  Read Replies (1) of 13815
 
M A R K E T .. S N A P S H O T -- Merger news to stoke U.S. stocks
By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 7:41 AM ET Sep 4, 2001
NEW YORK (CBS.MW) -- Merger news in the PC sector is likely to stoke tech stocks Tuesday, with the futures markets signaling that buyers have the upper hand.

September S&P 500 futures gained 10.20 points, or 0.9 percent, and were trading about 4.40 points above fair value, according to HL Camp & Co. And Nasdaq futures tacked on 30.50 points, or 2.1 percent.

Dow company Hewlett-Packard (HWP) announced late Monday that it's snaring rival Compaq Computer (CPQ) in an all-stock transaction worth around $25 billion.

Compaq saw its shares swell 10 percent in the pre-market and the announced deal pushed other box makers higher in tandem.

Treasury prices retreated on expected strength in the stock market.

The 10-year Treasury note was off 1/32 to yield ($TNX) 4.85 percent while the 30-year government bond shaved 6/32 to yield ($TYX) 5.385 percent.

Investors will have a gaggle of key economic reports to ponder this week. Due out Tuesday: the August National Association of Purchasing Management Index, expected to show an increase to 43.9 percent from July's 43.6 percent, and July construction spending.

And the week's kingpin -- the employment report for August -- will hit the wires on Friday. Read and economic calendar and forecasts.

In the currency sector, the dollar put on 0.5 percent to 119.30 yen while the euro slid 1.1 percent to 89.80 cents.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News