magneto ha scritto:
Io non litigo: discuto!
Qualora questo non fosse piu possibile applico la piu sublime forma dell'arte: il silenzio!
In ogni caso....meglio leggere quanto segue!
Reuters
Wall Street Seen Down Ahead of Greenspan
Wednesday September 8, 6:11 am ET
By Huw Jones
LONDON (Reuters) - Wall Street was set to open weaker on Wednesday ahead of a key speech from Federal Reserve Chairman Alan Greenspan, with the technology sector on edge before a business update from Texas Instruments .
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By 5:52 a.m. EDT, U.S. stock futures were pointing to opening losses of between 0.3 and 0.5 percent for the three main indexes .
Wall Street rose on Tuesday but dealers said the advance lacked conviction.
"The rally last night came on light volume, a fizzler rather than a sizzler. The market is a bit ahead of itself and technology is going nowhere," said Steve Previs of Jefferies International.
Greenspan will testify on the U.S. economic outlook before the House Budget Committee at 1430 GMT. The central bank's FOMC interest rate setting committee is due to meet in just 13 days.
"With less than two weeks until the next FOMC meeting, Fed Chairman Alan Greenspan's testimony today will be of interest to the market. We doubt that he will say anything to alter the view that the Fed will hike another 25 basis points on September 21," Bear Stearns investment bank said.
The Fed's "beige book" of economic activity in the U.S. regions will also be eagerly awaited to see if high oil prices have had any impact. The report is due at 2 p.m. EDT.
Burger chain McDonald's reports August sales.
TECH EYED
Texas Instruments will present its mid-quarter business update after Wall Street's close as investors in technology hope for some good news.
The event comes after rival chipmaker Intel presented a weak update last week, and investors will scrutinize the Texas Instruments report to see if Intel's problems were company specific or industry-wide.
Also in the sector, dealers said Piper Jaffray cut its rating on the stock of software group Oracle to "market perform" from "outperform."
Meanwhile, Viacom has begun a share exchange offer to split off its Blockbuster unit and put the video rental chain in the hands of Viacom shareholders, the company said late on Wednesday.
After the closing bell on Tuesday, shares in Tellabs rose more than 12 percent while those of Advanced Fibre Communications slipped.
Tellabs and Advanced Fibre Communications Inc. on Tuesday said they had amended the terms of the firms' previously announced merger, bringing the deal's estimated value to $1.5 billion from $1.85 billion.
General Electric,a pioneer of outsourcing to India, is considering the sale of its back-office services business in the country for $1 billion, the Economic Times newspaper said on Wednesday.
DRUG FOCUS
In the pharmaceutical sector, generic drug maker Mylan Laboratories Inc. rose more than 2 percent after the bell on Tuesday to $18.50, from their $18.08 close on the New York Stock Exchange.
Financier Carl Icahn said he had bought a 6.8 percent stake in the group and is vowing to oppose the generic drug maker's proposed purchase of King Pharmaceuticals .
Elsewhere in the sector, Swiss Serono moved to fatten up its product pipeline as Europe's biggest biotechnology company unveiled plans to take a stake worth $50 million in U.S. firm ZymoGenetics in a deal to develop new drugs.
On Tuesday, the Dow Jones industrial average closed up 0.8 percent at 10,342.79 points, while the technology-laden Nasdaq Composite Index was up 0.76 percent at 1,858.56 points.