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

To: Lee who wrote (147247)	11/12/1999 9:14:00 AM
From: Dorine Essey	Respond to of 176388

Company News Index -------------------------------------------------------------------------------- Stocks ready to climb By Kevin N. Marder and Julie Rannazzisi, CBS MarketWatch Last Update: 8:46 AM ET Nov 12, 1999 NEW YORK (CBS.MW) -- U.S. shares are heading for a rosy open Friday as bond prices rally thanks to hefty productivity gains. December S&P 500 futures climbed 10.20 points and were trading roughly 11.20 points above fair value, according to figures provided by HL Camp & Co. The session's dose of data -- retail sales and productivity -- was extremely friendly for the bond market, and the bellwether 30-year appears to have enough momentum to challenge the 6 percent yield barrier Friday. With the Fed stressing the importance of productivity gains in keeping inflation under wraps, news that third quarter productivity grew by a much larger-than-expected 4.2 percent was met with great relief by the market. The closely-watched unit labor costs grew by 0.6 percent. A survey conducted by CBS MarketWatch had expected third quarter productivity to grow by 2.9 percent following the second quarter's paltry 0.6 percent rise. Meanwhile, October retail sales were flat overall and rose by 0.5 percent at the core. Economists had expected a 0.1 percent rise overall with a 0.4 percent gain at the core. See economic calendar and forecasts and historical economic data. Among shares trading before the start of trading, Dell Computer (DELL) rose 1/4 to 43 11/16 in choppy Instinet trading, erasing earlier gains. See Indications. After the close of Thursday's trade, the PC maker said it earned 18 cents a share from operations in the third quarter, matching the expectation of most analysts, according to First Call. Revenue grew 41 percent. A year ago, the computer outfit earned 14 cents a share. See full story. In the bond market, prices raced higher, with hefty retail interest in the intermediate sector. The market was buttressed out of the chute by the positive tone in European bond markets. The 30-year Treasury rose 25/32 to yield 6.030 percent.