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MARKET PREVIEW: Techs eye earnings

All eyes will be on earnings Tuesday, as Motorola and E*Trade report quarterly results. Asian markets were mixed, European markets moved up, and the Dow is set to open slightly higher.


After rocky trading in the last two sessions, investors will be eyeing Motorola (NYSE: MOT) Tuesday, as it reports its first-quarter results after the bell. The mobile phone components maker has already warned that it expects a loss. Wall Street is not expecting that loss to be 7 cents a share, compared with earnings of 20 cents a share in the first quarter of 2000.

Online financial services company E*Trade (NYSE: ET) is also expected to report results after the bell. First Call's consensus is for earnings of 7 cents a share, compared with the breakeven quarter posted a year earlier.

Stocks that should be active Tuesday include Motorola, which reports earnings after the bell. Hummingbird, Sawtek and Western Digital could move on their outlooks.

The tech-infused Nasdaq composite index gained 25.35 to 1,745.71, thanks to a surge of buying in the last two hours of trading Monday. The S&P 500 and the Dow also advanced.

At the Bell

The Dow Jones industrial average may open 87 points higher. The Standard & Poor's 500 index for June futures contracts was up 10.3 points to 1160 at 7:15 a.m. EST in 24-hour electronic trading.

The Inter@ctive Week @Net Index gained 4 to 152.84.


Trading in Asia was mixed. The Nikkei 225 fell 221.49 to 12,620.27, Singapore's Strait Times index rose 10.17 to 1,605.12 and Hong Kong's Hang Seng rose 11.57 to 12,213.67.


European markets moved up. London's FTSE 100 rose 5,769.20, the CAC 40 in Paris gained 132.37 to 5,315.59 and the Xetra DAX in Frankfurt was up 124.38 to 5,905.39.

Reuters contributed to this report.