CNET también está disponible en español.

Ir a español

Don't show this again

Christmas Gift Guide
Tech Industry

MARKET PREVIEW: Can deals distract techs?

Dealmaking could distract techs from economic news Monday, moving them out of last week's funk. Asia was mixed, Europe was up, and the Dow is set to open higher.

U.S.

With no economic news to spark inflation speculations, techs may move on from last week's reaction to the employment data that may tip the Federal Reserve toward raising interest rates.

Deals rolling in Monday morning included EMC Corporation's (NYSE:EMC) plans to acquire Data General Corporation (NYSE: DGN) in a $1.1 billion stock deal. Computer networking equipment maker Cisco Systems Inc. (Nasdaq: CSCO) also plans to invest $1 billion in accounting and consulting firm KPMG LLP.

In action on the telecom front, AT&T (T) and America Online (AOL) are reportedly considering a deal to give AOL access to AT&T's cable systems, the online edition of the New York Times reported Monday. Wireless communications sites operator American Tower Corp. (NYSE: AMT) said over the weekend it is buying the rights to 2,100 communications towers from AirTouch Communications Inc. (NYSE: ATI).

Expect the following technology stocks to be among Monday's most actively traded issues: Advanced Micro Devices Inc. (NYSE: AMD), AOL (NYSE: AOL), Cisco Systems Inc. (Nasdaq: CSCO), CNet Inc. (Nasdaq: CNET), ECI Telecom Inc. (Nasdaq: ECIL), and eBay Inc. (Nasdaq: EBAY).

Stronger-than-expected employment data held stocks down Friday as the Dow Jones industrial average shed 80 points to 10,714.03 while the Nasdaq shaved off 18 points to close at 2,548.20.

At the Bell

The Dow Jones industrial average may open about 40 points higher. The Standard & Poor's 500 index for June futures contracts was up 5.5 points to 1313 at 7:35 a.m. EST in 24-hour electronic trading.

The Inter@ctive Week @Net Index sunk 4.13 to 261.66.

Asia

Trading in Asia was mixed. The Nikkei 225 rose 0.62 percent to 17,190, Singapore's Strait Times index lost 0.62 percent to 2,069 and Hong Kong's Hang Seng shed 1.68 percent to 12,945.

Europe

European markets were looking up. London's FTSE 100 rose 0.53 percent to 6,154. The CAC 40 in Paris gained 1.45 percent to 4,285 and the extra DAX in Frankfurt was up 1.63 percent to 5,092 at 6:40 a.m. EST.