Wall Street is lined with revelers ready for a ticker-tape parade, but after the volatility of last week, let's hope we have more than the New York Yankees to celebrate today.
On electronic trading brokerage
lately was up $2.88 to $22. The company just completed its merger with
. The combined company will start trading on the
under the ticker TRLY on Tuesday. Lycos was suspended from trading.
was trying to regain some of its losses from last week after the company issued lowered
sales projections. It was up 6 cents from its Friday closing price of $59.37.
, which was last week's big loser, made gains early on but lately was continuing its downward slide. It was lately about 56 cents lower than its Friday close of $42.56.
There's not much conviction in futures action this morning. The
S&P 500 futures on
lately were down 4.5 to 1396.5, about 7 points above fair value as calculated by
futures were down 22.5 to 3200, or about 2 points below fair value as calculated by
Europe's major indices were lower going into midsession, with France's
off 0.02%, Germany's
down 0.19% and the U.K.'s
0.42% lower. Japan's
lost 0.81% overnight, while Hong Kong's
slipped 0.69% (see today's
Asian Markets Update for more).
For Friday's postclose trading, see The Night Watch.