Mixed Monday Open
On the heels of last weeks across-the-board gains that took the Dow up 4.4%
and the Nasdaq up 4.3%, stocks are looking at a mixed open in Monday action.
Economic news is fairly light this week, so traders will continue to eyeball
incoming earnings news.
The Dow futures are down 32 points, and the Nasdaq futures are up 1.5 points.
The S&Ps look to open down a half point while the yield on the 10-year
Treasury is 5.39%.
Monday Movers
Hand-held device maker Palm
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upgrade from UBS Warburg. Palm closed Friday at 5.02 and is currently trading up
to 5.38 in pre-market activity. Palm is bouncing Monday after falling more than
2 points on Friday after an earnings warning.
Sun Microsystems
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currently trading up to 20.30 following its Friday close of 19.98.
Also leaning higher among the tech bellwethers is Cisco
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joining Sun at the 20.30 level in pre-market trade following Friday’s 20.20
close.
On the earnings front, retail giant Lowes
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with its 58 cent per share showing which beat analyst estimates by a penny.
Lowes closed Friday up .70 at an all-time high of 67.40.