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

To: Boplicity who wrote (20362)	11/3/1997 9:21:00 AM
From: John Hauser	Read Replies (1) \| Respond to of 176387

Greg, I love your commitment. Read this ESPECIALLY THE LAST PARAGRAPH: U.S. stocks to open higher on Hong Kong rebound By Mark Lewis NEW YORK, Nov 3 (Reuters) - Wall Street stocks are set to open sharply higher with the key Dow industrial index seen up 100 points at the opening Monday, taking its cue from Hong Kong's six percent rise overnight. Investors will also pay special attention to rising oil prices due to tensions surrounding Iraq's dispute with the U.N. over weapons inspectors. ''The futures are up 12 points, so the Dow will probably open up over 100 points,'' Larry Wachtel, an analyst at Prudential Securities, said. ''The Hang Seng rallied, Malaysia had one of its best gains in nearly two months and Indonesia rallied on the aid package. With Asia gaining, Europe opened higher, and that should carry over to our markets,'' Wachtel said. Iraq's refusal to let U.S. members of a U.N. arms inspection team enter a weapons site will be closely watched for its impact on oil stocks, said Thom Brown, managing director of Rutherford Brown and Catherwood. Brown was less concerned about Latin America. In the wake of the rescue package for Indonesia, investors were reassured that big Latin American banks would be supported, he said. One trader said it appeared that Latin American markets would open higher on Monday. ''I think Latin America's a tempest in a teapot,'' Brown said. ''It's not a major problem.'' Brown said that bank stocks would be watched closely after a report in the Wall Street Journal that Chase Manhattan Bank (CMB) had a pretax loss of $150 million from trading emerging-market debt during the recent turmoil. But Brown predicted a rally among technology stocks, which were hit hard last week. The Dow Jones industrials closed Friday at 7442.08. The FTSE100 was up 90 points at 4732. Germany's DAX-30 was up 127 at 3854. In Japan, the Tokyo Stock Exchange was closed Monday for a national holiday. It will reopen on Tuesday. In Tokyo, the dollar lost ground against the yen. The dollar traded at 120.35/40. In Europe the greenback traded at 1.7405/10 marks. The Wall Street Journal, in its Heard on the Street column, looks at investor Lewis Ranieri's interest in the health-care field, including Apria Healthcare Group (AHG). The New York Times, in its Market Place column, said a new report indicates that the corporate market for personal computers is consolidating, which could mean an end to PC price wars and also increasing dominance by the four biggest computer makers -- International Business Machines, Hewlett-Packard Co, Compaq Computer Corp and Dell Computer Corp