Futures were looking to bounce after yesterday's bust.
S&P 500 futures on
lately were up 9 to 1383, about 8 points above fair value as calculated by
. The thinly traded
futures were up 48.5 to 3200, about 63.5 points above fair value, also calculated by
, which all fell in yesterday's session, were united making comebacks this morning on
. Nortel was up 2.3%, or $1.02, to $45.89; SDL was up 3.3%, or $7.81, to $242; and Cisco rose $1 to $51. 63, while JDS Uniphase jumped $1.50 to $72.50.
Old Economy stock
, which hit a new 52-week high earlier this week, was sliding a bit. It lately was down 25 cents to $37.38.
But this morning's big loser was
Lernout & Hauspie
. The maker of voice recognition software was lately down 11.8%, or 94 cents, to $7.
The Wall Street Journal
reported that the company's claim that it received multimillion-dollar license payments from four Belgian start-ups isn't backed by financial statements the companies filed with Belgium's central bank.
joint newsroom wrote about Lernout & Hauspie's
recent problems in an earlier story.
Europe's major indices were mixed going into midsession, with France's
down 0.21%, Germany's
up 1.40% and the U.K.'s
up 0.04%. Japan's
rose 0.12% overnight, while Hong Kong's
slipped 0.43% (see today's
Asian Markets Update for more).
For Wednesday's postclose trading, see The Night Watch.