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Preopen Trading: DuPont Slips; European Indices Mixed

Premarket activity looked sleepy ahead of Thursday's trading session.





(DD) - Get DuPont de Nemours Inc. Report

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

Prudential Securities

. Fair value is a good gauge of how stocks will perform in the early going.

The thinly traded

Nasdaq 100

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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

Xetra Dax

off 0.2% and the U.K.'s

FTSE 100

down 0.2%. Japan's

Nikkei 225

lost 0.6% during its trading session, while Hong Kong's

Hang Seng

slipped 0.9% (see today's

Asian Markets Update for more).

For Wednesday's postclose trading, see The Night Watch.