Snooze buttons were popular this morning by the looks of the trading volume on electronic brokerage
was grabbing the spotlight in preopen trading this morning after Hong Kong's
said it would divest part of its stake in the phone company. In recent trading, the stock was down $1 to $34.88.
The foreigners were snagging most of the attention on Instinet, with German softwaremaker
announcing better-than-expected earnings and bouncing a whopping 17%, up $5 to $34.25.
Still, SAP couldn't sap Vodafone's strength, which along with such buddies as
was putting pressure on Europe's major indices at midsession, with France's
down 0.8%, Germany's
off 0.2% and the U.K.'s
0.1% lower. Major Asian markets were mixed at their closing bells. Japan's
gained 1.3% overnight, while Hong Kong's
S&P 500 futures on
lately were up 4 to 1308, about 1 point below fair value as calculated by
. The thinly traded
futures were up 13.5 to 2307, about 14 points above fair value as calculated by
For Friday's postclose trading, see The Night Watch.