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Non-Tech : The Dazzling and New Women of SI Thread -- Ignore unavailable to you. Want to Upgrade?


To: Rainy_Day_Woman who wrote (169)5/17/2002 8:50:43 AM
From: Rainy_Day_Woman  Read Replies (1) | Respond to of 228
 
8:40AM: The futures are pointing to a strong open, especially tech stocks. Dell (DELL 27.85) reported last night above estimates, however, a bullish semiconductor equipment industry report last night appears to be the catalyst. Book/bill jumped to 1.20 in April from a revised 1.05 in March....The trade deficit narrowed to $31.6 bln in March from $31.75 bln in Feb, lower than the $32.5 bln consensus. This is somewhat good news but is unlikely to have any market impact today....The yen surged to a 5-month high against the dollar as the Japanese government said the worst of the current recession is over....
Current indications: S&P 500 futures are +5.80, or 5.8 pts above fair value. Nasdaq 100 is +22, or 28 pts above fair value. Nas 100 PMI +20.79.