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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 (176)	5/29/2002 9:11:12 AM
From: Rainy_Day_Woman	Read Replies (1) \| Respond to of 228

8:55AM: The pre-market bias has weakened slightly in recent trade with the S&P 500 futures 1.4 points below fair value while the Nasdaq 100 futures are 9 points below fair value. There have been some positive pre-open developments with homebuilders (TOL, HOV) reporting better than expected earnings with Merrill Lynch upgrading Starbucks (SBUX) based on strong retail sales momentum. However, negative news has been more prevalent. Topping the list are: Halliburton (HAL)--notification from the SEC that it has initiated a preliminary investigation of the co's accounting; El Paso (EP)-- lowered guidance for FY02 and FY03, cutting jobs, plans to sell some assets; JDS Uniphase (JDSU)-- downgraded by CSFB, cited weak demand; Novellus (NVLS)-- topped estimate last night by $0.01 but this proved disappointing to the market and refused to provided guidance for Q3 (AMAT, KLAC also lower).