well , try and post those dips on RETK ....
here comes the YHOO dip ...DCLK to the $9's ?
US Stocks Seen Down, Yahoo Off in Europe
LONDON (Reuters) - U.S. shares were expected to make a weaker start on Thursday after a mixed performance in European trade, eating into the previous session's gains as investors ponder prospects for corporate earnings.
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Internet media giant piggie;-) Yahoo Inc slipped to $18.15 in European trade from a close of $18.44 after it reported its sixth consecutive quarterly loss, reflecting the weakness of the Internet advertising market.
Yahoo had fallen to $17.87 overnight on the Instinet electronic brokerage system.
Among U.S. stock index futures, the June contract of the Dow Jones industrial average was down 25 points by 1055 GMT and the equivalent Nasdaq Composite contract was up 0.5 points.
``Although the futures are down this morning and indicating a lower open we still see high odds for continuation of yesterday's rally,'' said Financial Spreads trader Tom Hougaard, forecasting a 20-point fall in the Dow.
Shares in computer maker Apple Computer Inc. (NasdaqNM:AAPL - news) rose 1.4 percent to $25.00 on Instinet, having closed at $24.66.
On Wednesday, the Dow Jones industrial average scored its biggest one-day gain in five weeks, with investors drawn to industrial and defense sectors. Web gear giant Cisco Systems Inc. (NasdaqNM:CSCO - news) bounced back after taking a nosedive on Tuesday on concerns it would warn about weak financial results.
The blue-chip Dow Jones Industrial Average (^DJI - news) climbed 173.06 points, or 1.7 percent, to 10,381.73. The tech-packed Nasdaq Composite Index (^IXIC - news) gained 24.50 points, or 1.41 percent, to 1,767.07.
In after-hours trading, anti-virus services firm McAfee.com Corp. (NasdaqNM:MCAF - news) rose after it reported a first-quarter profit, citing increased sales. It climbed near $18.00 and then pared its gain to $17.40, up from $17.18 at Wednesday's close.
Cognos Inc. (Toronto:CSN.TO - news; NasdaqNM:COGN - news) jumped to $28.10 from $26.14 at the close after reporting a stronger profit, helped by the reversal of an early restructuring charge and steady sales of its business intelligence software products.
Among economic data scheduled for release on Thursday, the Labor Department is set to release weekly jobless claims at 1230 GMT. |
