Semis Bounce
With weekly jobless claims remaining at a robust 379,000, stocks have taken
that as a sign that another inter-meeting Fed rate cut might be more likely than
not and are looking at a mixed open. Technology is leaning positive while the
Dow has edged lower.
The Dow futures are down 58 points, and the Nasdaq futures are up 21.5
points.
The S&Ps look to open down 3.8 points while the yield on the thirty year
Treasury is holding at 4.76%.
Due out at 10:00 AM ET is the Index of Leading Economic Indicators, and
analysts expect a 0.2% decline in the February report.
Thursday Movers
Select chips are looking strong as Applied Materials
(
AMAT |
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PowerRating) is trading
up to 45 5/8 following a Wednesday close of 44 7/8. Novellus
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PowerRating) is also
higher, trading up to 42 after closing at 41 1/8 on Wednesday.
Rambus
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PowerRating) is moving sharply higher in early action and is trading up
to 19.40 following a Wednesday gain of .48 to 17.29.
Juniper Networks
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PowerRating) closed Wednesday up 7/16 to 52 7/8 and is
trading up to 54 1/2 in pre-market activity.
Microsoft
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PowerRating) is getting a bounce from the last few days of decline
and is trading up to 51 following a 49 15/16 close.