MARKET PREVIEW: Techs eye Dell cuts, Cisco earnings
Job cuts from Dell Computer's and Cisco Systems' upcoming earnings reports will take the spotlight Tuesday. The Dow is set to open higher.
Some economic news will also catch investors' attention. The initial report on first-quarter productivity is due from the government before the market opens. An increase of 1.1 percent, down from the 2.2 percent fourth-quarter gain, is expected.
The March report on wholesale inventories, which are expected to have grown 0.2 percent from the prior month after a 0.1 percent decline in February, is also due Tuesday.
Stocks to Watch
The cuts, which will primarily affect Texas employees, were widely expected, as PC sales have eaten away at the bottom lines of most computer manufacturers.
At the Bell
The Dow Jones industrial average may open 50 points higher. The Standard & Poor's 500 index for June futures contracts was up 5.8 points to 1,269 at 7:15 a.m. EDT in 24-hour electronic trading.
Reuters contributed to this report.
• Asia markets drift lower
• Euro stocks wither, BT slides
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