It's a good day for tech investors.
was moving higher in preopen trading after it said yesterday that fourth-quarter earnings were slightly better than lowered expectations. And, at least for the moment, investors didn't seem too concerned that Intel offered a glimpse of a darker future for the chip market this quarter. Stock futures were deep into positive territory.
In a separate story,
took a close look at Intel's numbers and
its coming quarters.
Intel wasn't alone in early trading. Most of the stocks moving this morning on
were tech shares -- and they were gaining. Instinet is the electronic exchange where investors can get in their trades before the market officially opens. Leading the pack,
was up 7% to $51.50 and Internet bellwether
was up 4.6% to $28.63.
, which yesterday said it beat analyst expectations for its earnings, was popping 8.7% to $139.13.
last night examined Juniper's
So investors can expect all signs to point toward green in techland when the market opens. Futures for the large-cap
, which is heavily tech, were up 65 to 2580.50, putting them 87 points above
S&P 500 futures were up 10.80 to 1346.30, placing them about 10 points above fair value, as calculated by
. Because fair value is a good gauge of how stocks will trade in early action, it's clear that investor sentiment before the bell is positive.
Overseas markets are mixed. In Asia, where trading is already completed for the day, the battered
gained .06% and the
in Hong Kong fell 0.7%. In Europe, as the midsession of trading goes on, the major stock market indices are moving higher thanks to strength in technology. The
in London is up 1.3%. Across the Channel, the
in Paris is up 1.9% and the German
is gaining 0.1%.
For more on after-hours trading, see Monday's
The Night Watch.