Futures are leaning to the positive side this morning. After
besting analyst estimates Thursday,
shares were among the most active in preopen trading.
futures were traded at 1503.20, up 0.40, about 1.5 points above fair value, and
futures were up 28.5 points to 3825, about 25 points above fair value, indicating a positive bent for stocks at the open. Fair value is a good gauge for the direction of the market at the open.
After reporting earnings of 17 cents a share Thursday, Oracle shares were trading at $82.75 on
, down from Thursday's close at $84.94. The
First Call/Thomson Financial
consensus was for 13 cents a share.
, reported earnings of 57 cents a share Thursday, vs. the First Call/Thomson Financial consensus estimate of 52 cents a share. Adobe shares were offered at $131.50, but no volume took place at that price, according to
, which in recent days has announced it will spin off its Internet business and has benefited from an analyst upgrade, was traded at $54, up from the $52.63 close Thursday.
was trading higher after
"Inside Wall Street" column, which is not known for its success rate in predicting mergers, reported that the company is a potential takeover target of
. Xerox lately traded at $16.75, up 75 cents, on
bounced around, the volatility a result of today's expiration of index futures and options. The FTSE was lately down 58.70 to 6496.80. Paris'
dropped 26.33 to 6611.58, and Frankfurt's
rose 9.37 to 7057.87.
Asian markets were mixed. Hong Kong's
lost 145.90, or 0.9%, to 16,249.53. South Korea's
lost 21.94, or 3.4%, to 628.20. Japan's
was closed for a holiday. (See today's
Asian Markets Update for more.)
For Thursday's postclose trading, see The Night Watch.