(say that in your best Patrick Stewart voice) is the morning's strongest mover in preopen action, gaining $6.19 to $69 on electronic trading network
after reporting earnings of 25 cents a share and
beating estimates by a penny.
One of the morning's most active names is
, gaining $1.69 to $29.63 on 51,300 shares after positive comments yesterday from the company's CEO.
Stocks look to open stronger, with the
S&P 500 futures gaining nearly 2 points, about 5 points above fair value. The
futures are up nearly 16 points to 3350, about 33.5 points above fair value, indicating a firm open for the market.
The market's health may depend on this morning's October
unemployment report, released at 8:30 a.m. EST. Economists are looking for
job growth of 184,000, a bit under the average during the last year, which has shown growth of 209,000 new jobs every month. Evidence of a slowing economy could pressure the market, but it could also continue to improve the interest-rate picture, a positive for the stock market. Average hourly earnings are expected to rise 0.3%; an upside surprise could also hurt as rising wages are one indicator of inflation.
Instinet's most active was
up 25 cents to $71.50 on 85,000 shares. And
lost ground after the
Wall Street Journal
reported its unsuccessful effort to buy
( OAT). The stock was down $2.06 to $45.
European shares were marginally higher nearing midsession. France's
was lately up 0.1%; Germany's
lately gained 0.6%; and England's
was up 0.3% near midday.
Asian markets were mixed. Hong Kong's
gained 302.58, or 2%, to 15594.12. Japan's
rose 34.61 to 14837.78. (For more, see today's
Asian Markets Update.)
For Thursday's postclose trading, see The Night Watch.