Return to Transcripts main page

CNN Live At Daybreak

Futures Pointing to Flat to Slightly Higher Opening on Wall Street

Aired November 16, 2001 - 06:46   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CATHERINE CALLAWAY, CNN ANCHOR: We have a look at business news with David Haffenreffer in New York -- good morning again.

DAVID HAFFENREFFER, CNN FINANCIAL NEWS CORRESPONDENT: Hi, Catherine. Hi, Leon.

Well, we'll see if Wall Street can't continue its upward march. Stock index futures pointing to a flat to slightly higher open when trading gets under way at 9:30 a.m. Eastern Time.

Only the Dow industrials could hold onto gains yesterday. The blue chip average rose a half percent for its third straight advance -- not bad.

Meanwhile, the Nasdaq composite lost a few points, but still held above the psychologically important 1900 level.

In corporate news, Dell Computer will be a stock to watch today. The PC maker edging past Wall Street's earnings expectations, but has said profits slid 36 percent on weak demand for computers, and a fierce price war.

Yahoo! announced a restructuring plan that will cut 10 percent of its work force. That's about 300 jobs. And the retail chain, Gap, reported a rare loss for the quarter. And Home Depot says it's increasing its quarterly dividend by 25 percent.

That is a quick check of the business headlines on this Friday morning.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com.