hehehe
I didn't bite
a warm-up for you suh:
NEW YORK (CBS.MW) -- Shares are set for an upside open on Monday, with the Dow Industrials looking to stretch its winning streak to four straight sessions.
March S&P 500 futures rose 2.70 points, or 0.2 percent, and were trading 2.00 points above fair value, according to HL Camp & Co. And Nasdaq futures gained 11.50 points, or 0.7 percent and were trading 11.90 points above fair value.
The earnings season continues in earnest this week, with 15 percent of S&P 500 companies to report their results, including seven Dow components.
Among shares trading before the official opening bell, Texas Instruments (NYSE: TXN - news) rose to $28 in Europe, up 55 cents from Friday's close. The chip company was upgraded by Credit Suisse First Boston to a "buy" on belief it will "see a bottom either in reported fourth quarter results or in the first quarter of 2002, as macro conditions look to improve." Texas Instruments will reveal its fourth-quarter results after the close Monday, with Thomson Financial/First Call estimating a loss per share from operations of 9 cents.
Government bonds straddled the flat line, with the 10-year Treasury note was off 1/32 to yield 5.07 percent while the 30-year government bond erased 1/32 to yield 5.47 percent.
Monday will see the release of December new homes sales, expected to come in at 924,000, a touch lower from the previous month's 934,000.
In the currency sector, the dollar dropped 0.8 percent to 133.83 yen while the euro plumbed new 6-month low, falling 0.6 percent to 85.96 cents.
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