MarketWatch.com - Pre-Market Indications

Wednesday, March 5, 2008

U.S. stock futures edge higher behind techs - MarketWatch

U.S. stock futures edge higher behind techs - MarketWatch

Oil futures were back above $100 a barrel, up 88 cents to $100.40 a barrel, as OPEC left production unchanged.
The earnings calendar isn't too crowded, though there were a few results in the retail sector.
Costco Wholesale (COST:
COST
reported a 31% profit rise, while Big Lots (BIG:
BIG
reported a 12% profit fall.
Some tech stocks traded higher in Frankfurt, with Dell (DELL:
DELL
and Intel (INTC:
INTC
among the advancers.
Financials - including Citigroup (C:
C
, badly bruised on Tuesday -- also rose in pre-open trade.
According to a report in The Wall Street Journal, Yahoo Inc. (YHOO:
YHOO
and Time Warner (TWX:
TWX
are stepping up talks aimed at finding an alternative to Microsoft's (MSFT:
MSFT
Yahoo bid. The talks center on a deal that would fold Time Warner's AOL Internet unit into Yahoo, the report said.
Overseas markets were split, with Asian stocks generally posting a flat performance, while stocks in Europe rose after five straight losses.
The Nikkei 225 ended 0.2% lower in Tokyo, while the German DAX 30 rose 1.4%. End of Story


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