Mixed Monday
Following Friday’s 3.2% Nasdaq drubbing, the Nasdaq appears headed for a
positive open while the Dow and S&P 500 are drifting lower.
The Nasdaq futures are up 7 points, and the Dow futures are down 23 points.
The S&Ps look to open down 1.30 points while yield on the 10-year
Treasury is 5.80%.
The next big batch of economic news includes the Producer Price Index and retail
sales which will be released on Friday.
Monday Movers
Electronic Data Systems
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PowerRating) was solidly higher in pre-market action on
news of landing an armed forces contract. EDS closed Friday down 1 7/16 to 40
5/8 and is trading up to 46 1/4 in early-morning activity.
Home products retailer Williams Sonoma
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PowerRating) said its third-quarter
earnings would fall short of analyst expectations. The stock closed Friday down
1 13/16 to 26 7/8 and had recently traded as high as 45 3/8 on September 19.
Willaims Sonoma’s quarter ends on October 29.
Friday Follow-up
Agile Software
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PowerRating) avoided Friday’s tech selloff and finished up 6
3/8 to 73 7/8. Agile is set for a positive open and is trading up slightly to 74
in pre-market activity.
Intel
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PowerRating) fell 1 1/16 to 39 15/16 on Friday and touched levels not
seen since last January 7. Intel has edged slightly lower and is currently
trading at 39 7/8 in pre-market activity.