Preopen Trading
Updated from 7:59 a.m. EDT
Futures were flying high this morning, indicating a strong start for both blue-chips and tech stocks.
At 9:15 a.m. EDT, Nasdaq 
futures were up to 1508, about 23 points above fair value as calculated by TheStreet.com. S&P 500 futures were at 1164, trading 5 points ahead of fair value. Ericsson(ERICY) was the most active stock in preopen trading, with more than 245,000 shares changing hands on Instinet. The stock rose 29 cents, or 5.8%, to $5.27. Intel(INTC) was also on the move, trading up 53 cents, or 2%, to $27.60 before the bell. Overseas, European stocks were higher despite the selloff on Wall Street, a day after the Fed cut interest rates. London's FTSE 100 gained 27 points, or 0.5%, to 5457. In Japan, the Nikkei 225 traded up about 116 points, or 1%, to 11,396 on the strength of real estate and banking stocks. Hong Kong's Hang Seng was down 252 points, or 2.2%, to 11,189, with much of the weakness coming from telecom.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.26
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DOWN
74.92 |
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2.86 |
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1.85 |
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0.14 |
10 Yr
1.74%
SPDR Gold
152.68
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-0.60%
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-0.22%
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-0.07%
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-0.80%
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