Among the stocks getting a boost in preopen trading is
, which will be added to the
S&P Midcap 400 Index
at the close of trading Sept. 14,
Standard & Poor's
announced yesterday after the close. The stock, which closed at $49.44 yesterday, was lately quoted at $52.38 on
The S&P Midcap 400 has been one of the best-performing indices this year, as the market has broadened following the tech-led collapse in March.
Futures are lower today, but not far from fair value, indicating a flat open for the U.S. equity market. The
futures were lately quoted at 1526.30, 2.7 points below the Wednesday close, but still 1.3 points above fair value. The
futures lately traded at 4007.50, 13.04 points below fair value, indicating a bit of weakness in the Nasdaq at the open.
Semiconductor equipment name
could lose ground today. The company said Thursday it expects to report a fiscal first-quarter operating loss of 23 to 27 cents a share, due to a delay in the delivery of a number of tools. The
First Call/Thomson Financial
consensus was for earnings of 12 cents per share. The stock hasn't traded on Instinet, according to Instinet officials.
TheStreet.com Internet Sector
was higher in preopen trading, up to $38.75 from yesterday's $37.94 close. The company announced an agreement with
that will allow IBM to use BroadVision's applications on its RS/6000 servers.
European markets were generally lower on worries of higher oil prices. London's
dropped 51.30, or 0.8%, to 6637.90; Paris'
fell 77.6, or 1.14%, to 6756.86; and Frankfurt's
dropped 44.64, or 0.6%, to 7328.70.
Japanese markets rose, despite a
cut in the country's sovereign debt rating by
Moody's Investors Service
, a cut that was rumored in recent weeks. Moody's cut its rating to Aa2 from Aa1, but investors ignored the news, and dollar/yen has barely reacted, trading at 105.48, up 0.40.
index gained 201.09, or 1.2%, to close at 16,501.55, while the
index, which includes all shares listed on the
Tokyo Stock Exchange's
first section, climbed 23.59, or 1.6%, to end at 1509.88. The
small-cap index rose 0.54 to stand at 80.69.
index fell 156.50 to close at 17,275.45 amid extremely thin trading. Elsewhere in
index lost 2.69 to close at 653.68 and Taiwan's
index slipped 62.94 to stand at 7367.99.
For Thursday's postclose trading, see The Night Watch.