“Can’t Get Any Worse”
Upgrades in the chip sector and what looks to be like an agreement to have
China release the U.S. airmen it is holding are giving stocks a sizeable boost
Wednesday.
The Dow futures are up 98 points, and the Nasdaq futures are up 42 points.
The S&Ps look to open up 16.90 points while the yield on the 10-year
Treasury is 4.94%
Wednesday Movers
In the chips, Intel
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upgrade on the idea that “things can’t get any worse.” Intel closed
Tuesday at 24.77 and is currently trading up to 27.60 in pre-market activity.
Novellus
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44.26 following a Tuesday close of 40.14. Xilinx
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39.50 following a Tuesday close of 35.03.
Following a gain of 3.56 to 45.24, Qualcomm
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well, and the wireless giant is currently trading up to 48.80 in pre-market
activity.
Juniper
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45.63 following its 40.30 close on Tuesday.
Dell Computer
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trading up to 27.30 following a Tuesday close of 26.26.