Silicon Valley Group
was up 1.9% in preopen
S&P 500 and Nasdaq Set Intraday Record Highs on Recovery Optimism
Stocks rise as jobless claims fall and durable goods orders climb at the fastest pace since the beginning of the year.
trading after warning second-quarter earnings and revenue would be lower than expected due to a decline in global semiconductor demand.
Analysts were expecting the company to earn 12 cents a share, according to
Thomson Financial/First Call
. The company earned 32 cents in the year-ago period.