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Tech Industry

MARKET PREVIEW: Can the rally continue?

    A few earnings reports will keep tech investors occupied while the blue-chips try to keep the Dow in positive territory. Asian markets were mixed, Europe moved up, and the Dow is set to open slightly higher.

    U.S.

    A Friday rally hoisted the Nasdaq well above the 2,000 mark, and put the Dow into positive territory. A few earnings reports and some economic news will determine if those gains continue Monday.

    The government report on personal income and spending is due before the markets open. Economists surveyed forecast that incomes rose 0.5 percent last month after February's 0.4 percent rise while spending edged up 0.2 percent after the prior month's 0.3 percent gain.

    Expedia (Nasdaq: EXPE), the online travel service, is due to report after the bell. The Microsoft spin-off is expected to post earnings of 4 cents a share, compared with a 40-cent-a-share loss a year earlier. MicroStrategy (Nasdaq: MSTR) and Macrovision (Nasdaq: MVSN) also report earnings today.

    Expect the following technology stocks to be among Monday's most actively traded issues: Alcatel, Avant! and Qwest.

    Blue-chip and technology stocks ended the week with strong gains Friday as the Nasdaq composite gained 41 points to 2,075.82, and the Dow Jones industrial average rallied up 118 points to finish at 10,810.05.

    At the Bell

    The Dow Jones industrial average may open 22 points higher. The Standard & Poor's 500 index for June futures contracts was up 2.6 points to 1261 at 7:15 a.m. EDT in 24-hour electronic trading.

    The Inter@ctive Week @Net Index rose 6 to 192.74.

    Asia

    Trading in Asia was mixed. The Nikkei 225 fell 38.71 to 13,934.32, Singapore's Straits Times index rose 36.27 to 1,722.72 and Hong Kong's Hang Seng rose 92.93 to 13,386.04.

    Europe

    European markets were up. London's FTSE 100 rose 30.50 to 5,981.90, the CAC 40 in Paris grew 73.05 to 5,649.02 and the Xetra DAX in Frankfurt was up 83.74 to 6,258.98.

    Reuters contributed to this report.