Futures Point to Higher Open for Stocks
Updated from 7:44 a.m. EDT
Futures were in positive territory this morning, suggesting that stocks will perform well at the start of today's session.
At 8:30 a.m. EDT,
Nasdaq futures were at 1385, about 19 points above fair value as calculated by
TheStreet.com
.
S&P 500 futures stood at 1102, trading about 9 points ahead of fair value.
Nokia
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was the most active stock in preopen trading as 850,000 shares changed hands on Instinet. The stock was recently gaining $1.55 cents, or 11.3%, at $15.30 after the company said it would meet its third-quarter earnings goals despite weak market conditions.
RF Micro Devices
(RFMD)
was also among the most active, trading up $1.25, or 5.5%, to $23.98 before the bell.
Cisco
(CSCO) - Get Cisco Systems Inc. Report
shares were up 34 cents, or 2.3%, to $14.18.
Overseas, London's FTSE 100 traded up 52 points, or 1%, to 5086. In Japan, the Nikkei 225 closed up 97 points, or 1%, to 10,293 despite weakness in banking stocks. Hong Kong's Hang Seng finished up 51 points, or 0.5%, to 10,417. In currencies, the dollar is firmer against the yen and the euro.
