Earnings season steps into full swing Monday, with Motorola and a batch of other techs reporting quarterly results. Asian and European markets moved down, and the Dow is set to open slightly higher.
After last week's roller coaster ride ended on a high note, investors will be anxious to see what's in store for techs Monday.
Companies set to report earnings include wireless equipment maker Motorola Inc. (NYSE: MOT). The results, slated for release after market close, are expected to show first-quarter earnings of 58 cents a share, compared with 28 cents a year earlier.
Adtran (Nasdaq: ADTN) and Stamps.com (Nasdaq: STMP) also report quarterly results Monday.
Safeguard Scientifics (NYSE: SFE), the Internet incubator, should also see some attention Monday as it announced its new infrastructure initiative; a series of upgrades sent shares flying Friday.
Other technology stocks likely to be among Monday's most actively traded issues: Hewlett-Packard, Oracle and Sun Microsystems.
Technology stocks closed out an exciting week with strong gains Friday as the Nasdaq composite sprinted up 179 points to close at 4,446.45. The Dow Jones industrial average closed off 3 points to 11,111.48.
At the Bell
The Dow Jones industrial average may open about 15 points higher. The Standard & Poor's 500 index for June futures contracts was up 2 points to 1531 at 7:31 a.m. EST in 24-hour electronic trading.
The Inter@ctive Week @Net Index was up 26 to 605.71.
Trading in Asia was mixed. The Nikkei 225 rose 1.81 percent to 20,619, Singapore's Strait Times index slipped 1.10 percent to 2,126 and Hong Kong's Hang Seng was down 0.54 percent to 16,850.
European markets were also moving in different directions. London's FTSE 100 lost 0.36 percent to 6,546. The CAC 40 in Paris gained 1.61 percent to 6,409 and the Xetra DAX in Frankfurt was up 0.74 percent to 7,577 at 7:01 a.m. EST.
Reuters contributed to this report.