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To: MileHigh who wrote (49374)	11/12/1999 9:13:00 AM
From: T L Comiskey	Respond to of 152472

Friday November 12 8:58 AM ET Stocks to Climb After Productivity Data NEW YORK (Reuters) - U.S. stocks are expected to rally at the open on Friday after U.S. productivity numbers helped ease concerns about inflation and an interest rate increase next week. The Standard & Poor's 500 futures index for December pushed higher after the data. It was up 9.5 at 1397. The U.S. Treasury 30-year bond was up 26/32 to yield 6.03 percent. ``Productivity is keeping pace with the tight labor market, which keeps inflation at bay, which keeps the Fed at bay, which will keep us buying equities,' said Arthur Hogan, the chief market analyst at Jefferies & Co. in Boston. Third-quarter productivity numbers showed an increase of 4.2 percent, compared with the 3 percent expected by economists polled by Reuters. Retail sales for October, also released on Friday morning, were unchanged from the previous month, in line with expectations. Analysts said the technology-heavy Nasdaq composite index 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 (Nasdaq:DELL - news). quarterly results that were in line with reduced expectations. Dell shares were active in pre-market trading on Instinet on Friday morning, swinging both above and below its closing price 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. 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. The Dow Jones industrial average 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 closed down overnight 68.73 points, or 0.38 percent, at 18,258.55. London's FTSE 100 gauge 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.