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H-P, Yahoo! Lift Stock Futures Off Lows

Stock quotes in this article: HD , YHOO , F , JPM , C , BLK , HPQ  

Updated from 6:47 a.m. EST

Premarket futures were indicating a slightly lower open for Wall Street, but the situation had improved from the early lows after traders received encouraging news from several big technology companies.

Futures for the S&P 500 were down 7.9 points at 843 and were 6.7 points short of fair value. Nasdaq futures were lower by 5.3 points at 1153 but were half a point above fair value.

Two pieces of news in particular helped lift futures, particularly on the technology side, off their worst levels of the day. Computer hardware and software maker Hewlett-Packard (HPQ Quote) was partly responsible, after the company said its fourth-quarter profit would exceed analysts' expectations. Shares of H-P, part of the Dow Jones Industrial Average, were rising in the premarket. ...

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