Looking Up
Stocks are set for a positive open Thursday just ahead of the July factory
orders report which is due out at 10:00 AM ET. Street estimates look for a 6.8%
decrease as analysts look for indications as to whether or not the economy is
cooling.
The Dow futures are up 32 points while the Nasdaq futures are up 4.50 points.
The S&Ps look to open up 2.40 points while the yield on the 10-year
Treasury is 5.73%.
Thursday Movers
Following Wednesday’s Internet run, select Nets are edging higher Thursday.
In the B2Bs, PurchasePro
(
PPRO |
Quote |
Chart |
News |
PowerRating) closed up 8 7/16 to 59 3/16 as is trading
up to 61 1/4 in pre-market action, and FreeMarkets
(
FMKT |
Quote |
Chart |
News |
PowerRating) is trading up to
82 3/8 after closing at 81 on Wednesday.
Among other Nets, Internet portal Lycos
(
LCOS |
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Chart |
News |
PowerRating) closed Wednesday at 70
1/8 and is currently trading up to 72 1/8 in pre-market activity, and InfoSpace
(
INSP |
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Chart |
News |
PowerRating) is trading up to 38 1/2 after closing at 36 11/16 on Wednesday.
Networker Juniper Networks
(
JNPR |
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Chart |
News |
PowerRating) continues its month-long upward trend
and is trading up to 206 7/8 in pre-market activity after closing at 203 5/8 on
Wednesday.
Wednesday Follow-up
Gap Stores
(
GPS |
Quote |
Chart |
News |
PowerRating) warned that it saw a potential earnings shortfall for
its upcoming third and fourth quarters. After closing Wednesday at 22 1/2, Gap
has traded down to 21 7/8 on Instinet.
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