Investors are definitely getting better at shaking off bad news. Sneaking a peek at investor sentiment on the morning after both
warned about earnings, tech futures were holding up pretty well -- considering.
At 7:05 a.m. EST, futures for the large-cap
were up 18 to 2530.50, putting them about 19 points below
fair value, as calculated by
. So, tech stocks look like they'll fall at the open, but it doesn't seem like they will tank. The
S&P500 futures were up 4.7 to 1339.20, about 2 points above fair value as calculated by
. That snapshot shows the broad market should open slightly higher. Fair value helps gauge how stocks will trade in early action.
Hewlett and Gateway are both lower in preopen trading on
, the electronic exchange where investors can get in their trades before the market officially opens. Hewlett was $1.69 lower to $30.69. Gateway was off $2.90 to $20.
last night took a close look at what the Hewlett-Packard and Gateway news means for the already flattened
computer sector of the stock market.
And on the morning after the
Federal Communications Commission
gave the final government okay needed for the merger of
, AOL was trading up 77 cents to $48 in preopen action.
Stocks around the world were on the upswing. In Asia, markets finished higher. The down-and-out
added 146.67, or 1.11%, to close at 13,347.74 and the
in Hong Kong gained 204.65, or 1.36%, to finish at 15,295.42. In Europe, the major market indices were also higher. With trading well underway already, the
in London gained 41.70, or 0.63%, to 6156.60. Through the Chunnel, the
in Paris was up 93.21, or 1.77%, to 5795.99 and the German
had lifted 69.50, or 1.25%, to 6534.71.
For more on the world stock markets, check out
For more on postclose trading, see Thursday's
The Night Watch. With Hewlett-Packard and Gateway warning after the market closed yesterday, it was quite a session.