Gap-Up Open
Positive comments from Dell have helped motivate an extremely oversold market
into action Thursday, as stocks are headed for a big gap-up open.
In economic news, jobless claims rose to 383,000, which was above last week’s
365,000 and continues the upward trend.
The Dow futures are up 147 points, and the Nasdaq futures are up 42 points.
The S&Ps look to open up 23.50 while the yield on the 10-year Treasury is
4.92%.
Thursday Movers
Reassuring words from Dell Computer
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quarter expectations has the box maker up in early trade. After closing at 22
3/16, Dell is currently trading up to 24 1/4 in pre-market activity.
Also linked to Dell’s fate are Intel
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and each are bouncing along with Dell. Intel closed Wednesday at 22 3/16 and is
trading up to 24, and MSFT closed at 51 15/16 and is trading up to 54 in
pre-market trade.
After falling 2 5/8 to 11 3/8 on Wednesday, Yahoo
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a big pre-market bounce. The portal giant is benefiting from an analyst upgrade
and is currently trading up to 15 in pre-market activity.
VoiceStream Wireless
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10 1/16 to 92 9/16. VSTR is set to add to those gains and is currently trading
up to 97 7/8 in pre-market activity.
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