(Updated from 7:13 p.m. EDT)
After-hours traders are trying to put today's events --
both in the Middle East and on Wall Street -- out of their minds to focus on companies in the earnings spotlight tonight. But as the night wears on, concerned investors are hoping to get a feel for how the market will open tomorrow.
S&P 500 futures on
lately were up .5 to 1345, about 2.5 points above
fair value as calculated by
, and indicating some positive sentiment for the open. The thinly traded
futures were up 2.6 to 3072.5, about 33 points above fair value as calculated by
, and showing upward pressure for the
Still, Wall Street experts are cautious. "This has been a very trying time for investors of all ilk," said Scott Bleier, chief equity strategist at
. "I don't think anyone wants to go home long
this weekend, because of what's happening in the Middle East."
"On the back of the U.S. fall, the
will probably open down 200 to 300 points," said Cliff Page, a deputy at
in Tokyo. Indeed, the benchmark Japanese stock index was down 190, or 1.2%, to 15,360 in early trading.
Topping tonight's list of most active stocks was
. Shares of the networking equipment maker rose $5.39, or 2.7%, to $205 on
ECN and gained $4.64, or 2.3%, to $204.25 on
After the bell, Juniper announced third-quarter earnings of 17 cents a share, topping the 9-cent Wall Street target and the year-ago break-even result. (
covered Juniper's results in a separate
Could Juniper's strong performance guide the market tomorrow? Not likely, said Bleier. "Juniper is an entity unto itself."
On the heels of Juniper's announcement, the company's archrival
( DCLK) was seeing mixed action in nighttime trading. Cisco lost 19 cents, or 0.4%, to $49.63 on Instinet, but advanced 13 cents, or 0.3%, to $49.94 on Island.
( DCLK), also seeing heavy trading this evening, plummeted $4.13, or 22.8%, to $14 on Island and dropped $3.625, or 20%, to $14.50 on Instinet.
DoubleClick posted a 3-cent profit, in line with analysts' estimates and above the year-ago 3-cent loss. But the online advertising firm said that it was disappointed with the performance of its
data unit and was planning to take steps to restructure operations within the division. (
covered DoubleClick's results in a separate
Silicon Storage Technology
, a memory chipmaker, listed a third-quarter profit of 37 cents, beating the broker forecast by a penny, and improving upon the year-ago 24-cent earnings. As a result, SSTI was up $1.06, or 4.7%, to $23.50 on Island and ahead $1.06, or 4.7%, to $23.50 on Instinet.
Good earnings news from
sent its stock up $5.80, or 4.77%, to $127.44 on Island and up $4.86, or 4%, to $126.50 on Instinet. The management software company posted earnings of 16 cents a share, surpassing the 14-cent estimate and the year-ago 9-cent result. (
covered Veritas' results in a separate
( GTW) -- which have been declining since Oct. 6 -- got a boost tonight, thanks to a good earnings report and forecasts going forward. The boxmaker's stock was up $3.37, or 7.7%, to $47 on Instinet. Gateway reported third-quarter earnings of 46 cents a share, in line with analysts' predictions and up from last year's 35-cent profit. In addition, the company said that it is comfortable with 20% to 21% revenue growth next year. (
covered Gateway's results in a separate
This information is provided by Instinet, a wholly owned subsidiary of Reuters( RTRSY). For further information, please contact Instinet at www.instinet.com.
Island ECN, owned by Datek Online, offers trading, mainly in Nasdaq-listed stocks, from 7 a.m. to 8 p.m. EDT.
explains how the rules change when the sun goes down in Investing Basics: Night Owl, a section devoted to after-hours trading.