looks like a tech stock reversal

  1. 3,191 Posts.
    IBM, Dell to boost stocks

    U.S. futures higher as investors take a look at Big Blue's improved results, Dell's raised forecast.
    July 16, 2004: 7:10 AM EDT



    NEW YORK (CNN/Money) - IBM's generally positive quarterly report could boost stocks when U.S. markets begin trading Friday.

    Early Friday, Nasdaq and S&P futures were pointing to a positive start on Wall Street.

    Among U.S. stocks trading in Europe,IBM (IBM: Research, Estimates) edged higher. The computer products maker reported better-than-expected second-quarter earnings on weaker-than-forecast sales, and reaffirmed sales and earnings projections for the rest of the year.


 
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