Premarket activity looked sleepy ahead of Thursday's trading session.
slipped $4.50 to $42.50, down from yesterday's closing price of $47. The chemical giant warned investors that it has scaled back its fiscal 2000 EPS estimates between $2.85 and $2.95 a share, falling below the 16-analyst estimate of a $3.01 profit. DuPont blamed higher energy and raw material costs for downward revision.
Stocks are set to head higher at the opening bell. The
S&P 500 futures on
lately were up 3.50 to 1497.50, about 4 points above fair value as calculated by
. Fair value is a good gauge of how stocks will perform in the early going.
The thinly traded
futures were up 7.50 to 3865.50, about 22 points above fair value, as calculated by
, and indicating that tech stocks are poised to open to the upside.
By the midday mark, Europe's major indices were mixed, with France's
up 0.15%, Germany's
off 0.2% and the U.K.'s
down 0.2%. Japan's
lost 0.6% during its trading session, while Hong Kong's
slipped 0.9% (see today's
Asian Markets Update for more).
For Wednesday's postclose trading, see The Night Watch.