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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: BBG who wrote (147237)	11/12/1999 8:31:00 AM
From: Dorine Essey	Respond to of 176387

U.S. stocks to open firmer, eyes on economic numbers -------------------------------------------------------------------------------- By Ian Simpson NEW YORK, Nov 12 (Reuters) - U.S. stocks are likely to open firmer on Friday, with Wall Street watching economic numbers that could provide a clue to the direction of interest rates. Analysts said the technology-heavy Nasdaq composite index .IXIC could power higher into record territory. The index has finished at nine records in the last 10 sessions. It could take renewed strength from Dell Computer Corp. DELL.O quarterly results that were in line with reduced expectations. Dell shares were up slightly at 44 in pre-opening trade from a Thursday close of 43-7/16. "I expect that there is still quite a bit of pent-up demand, particularly in technology," said Bill Meehan, chief market analyst at Cantor Fitzgerald in Darien, Conn. Markets will pore over economic data out Friday for signs of inflation or too-rapid economic growth. The Federal Reserve will meet on Tuesday to discuss short-term interest rates. Chief among the data are third-quarter productivity numbers, due for release at 8:30 a.m. EST (1330 GMT). Analysts polled by Reuters forecast that productivity rose 3 percent, against 0.6 percent in the second quarter. Unit labor costs are expected to be up 1.4 percent, after a second-quarter rise of 4.5 percent. Retail sales for October, also out at 8:30 a.m. EST (1330 GMT) are forecast to be flat following a 0.1 percent rise in September. The University of Michigan preliminary consumer sentiment figure for November is scheduled for release at 10 a.m. EST (1500 GMT). A forecast was not immediately available. "Unless there are any major negatives coming out of the numbers this morning we could have an up day," said Peter Cardillo, director of research at Westfalia Investments. The Dow Jones industrial average .DJI slipped Thursday 2.44 points, or 0.02 percent, to 10,595.30. The Nasdaq composite closed up 41.33 points, or 1.31 percent, at 3,197.29. Tokyo's Nikkei average .N225 closed down overnight 68.73 points, or 0.38 percent, at 18,258.55. London's FTSE 100 gauge .FTSE was down 16.2 points, or 0.25 percent, at 6536.2. The dollar was unchanged against the yen overnight at 104.8 yen bid. The euro eased to $1.0344 bid. The U.S. Treasury 30-year bond was up 19/32 to yield 6.049 percent. The Standard & Poor's 500 futures index for December was up 3 points at 1390.8. The Wall Street Journal's Heard on the Street column said mergers were questionable cures for the ills of drug companies. The New York Times' Market Place column did not appear Friday. 859-1879)) REUTERS Rtr 08:07 11-12-99 Copyright 1999, Reuters News Service