Gains on overseas bourses on the back of yesterday's U.S. rally aren't translating into strength in the domestic futures, which are noncommittal at best for the open.
S&P 500 futures
lately were down 2 to 1420.5, about a point below fair value. The thinly traded
futures were down 8.95 to 4662.05.
was leading among European indices, lately up 1.2%. The U.K.'s
was up 1%, while Germany's
was up 0.4%. Overnight in Asia, Japan's
added 0.5%, while Hong Kong's
hopped 1.1% (see today's
Asian Markets Update for more).
was up 3.8% in Frankfurt on unconfirmed reports that its talks to acquire
have collapsed, due in part to concerns of shareholders in Qwest's merger partner
U S West
. Neither Qwest nor U S West had yet traded on
, although Qwest reportedly is offered lower.
Last Night's After-Hours Trading
David A. Gaffen
The addicts hadn't had enough. Despite the
finishing above 5000, investors flocked to the screens to trade after hours.
Those guys that bite the heads off chickens,
, said today it received orders for over 6,000 digital subscriber line accounts in its Texas markets. The Internet service provider, which sports over 147,000 subscribers, closed up 17/16, or 16%, to 10 1/4 today. In after-hours trading, the GEEKs have added on a further 1 13/16 to 12 1/16 on 1.3 million
Nevertheless, no other self-respecting company has taken advantage of the availability of the symbols "DORK" or "NERD," precluding the Nasdaq from starting a
I want candy.
entered into a handbag license agreement with
, which will be responsible for design, sourcing and distribution of the company's wholesale handbag business. The agreement is for three and a half years.
Trebbianno sells its products under the brand names
Frankie and Johnnie
The stock was up 1/4 to 1 1/2 on 1.2 million Island shares.
, which reported earnings prior to the day's open, continued its daytime performance with a steady rise in after-hours trading. The stock was up 2 3/8 to 147 3/4 on 851,000 Island shares, after rising 5% during the day.
The Internet services company reported a loss of 74 cents a share, on revenues of $153.5 million, for its fiscal second quarter, ended January 2000, compared with a loss of 54 cents per share for the same time period a year ago.
The problem with kids today. Nobody reads anymore. Otherwise, they could have started their own company.
said it established a new company, named
, which will focus on ways to detect aberrant genes in individuals with chronic diseases.
The scientific basis for the new company is featured in two chapters of a book released today,
The Virus Within
, written by Nicholas Regush, science reporter for
. The stock rose 1 15/64 to 6 21/64 on 663,000 Island shares.
Another biotech company,
, said during the session that an intravesical immunotherapy treatment developed by
has received federal clearance today.
UroCor has exclusive rights to market this product in the U.S., for use of carcinoma-in-situ of the urinary bladder. No, that's not pleasant, but that's what biotech companies do, people. The stock rose 1/8 to 7 1/2 on 105,000 shares, after closing up 33% to 7 5/16 on the Nasdaq today.
Island ECN, owned by Datek Online, offers trading, mainly in Nasdaq-listed stocks, from 8 a.m. to 8 p.m. EST.
MarketXT, formerly Eclipse Trading, offers after-hours trading to retail clients of Morgan Stanley Dean Witter's (MWD) Morgan Stanley Dean Witter Online, Mellon Bank's (MEL) Dreyfus Brokerage Services and clients of Salomon Smith Barney. It is also available to clients of Mydiscountbroker.com, CyBerCorp and Interactive Brokers. Clients can trade 200 of the most actively traded New York Stock Exchange and Nasdaq Stock Market issues, 4:30 p.m. to 8 p.m. EST Monday through Thursday.
explains how the rules change when the sun goes down in Investing Basics: Night Owl, a section devoted to after-hours trading.