Leaning Lower
Stocks are set for a lower open following slightly higher-than-expected
Consumer Price Index numbers. Both the CPI and the CPI core rate came in showing
a 0.3% increase, which was slightly higher than the 0.2% analysts expected.
The Dow futures are down 37 points, and the Nasdaq futures are down 4 points.
The S&Ps look to open down 4 points while the yield on the 10-year
Treasury is holding at 4.76%.
Wednesday Movers
Ciena
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PowerRating) is looking at a
positive open as well. After closing Tuesday down 4 9/16 to 47 7/8, Ciena is
trading up to 48 1/2 in pre-market activity.
Citrix Systems
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PowerRating) is up slightly on word it will buy Sequoia
Software
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PowerRating) is an all cash deal worth 184 million. Citrix closed
Tuesday at 19 13/16 and is currently trading up to 20 1/2 in pre-market
activity.
Following its rough 9% drop on Tuesday, Intel
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PowerRating) is trading slightly
higher. The chip giant closed at 24 5/8 and is currently trading up to 24 11/16
in pre-market action.
Vitesse Semiconductor
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PowerRating) was one of Tuesday’s disasters as it fell 7
13/16 to 33 1/2. The Calif.-based chip maker is currently trading up to 33 3/4
in pre-market activity.