Tuesday, March 22, 2011

US Stock Futures Point To Mixed Open, VMWare (NYSE: VMW) Eyed

Opening Bell

US stock-index futures pointed to a mixed open on Tuesday as investors paused for breath after yesterday's gain. 

At 8:55 am ET, the S&P 500 futures slipped 0.30 points to 1292.80. The Dow Jones Industrial average futures advanced 9 points to 11,972. The Nasdaq Composite futures increased 6.25 points to 2,260.75.

Shares of Walgreen Co. (NYSE: WAG) slumped more than 4% in Tuesday's pre-market trading after the company reported early Tuesday that its fiscal second quarter net income climbed to $739 million, or 80 cents a share, from $669 million, or 68 cents a share, in the year-ago period. Revenue increased 8.9% to $18.5 billion from $16.99 billion. 

Research In Motion Limited (NASDAQ: RIMM) on Tuesday announced that the BlackBerry PlayBook tablet will be sold starting April 19 from all Best Buy (BBY) stores and Best Buy Mobile stores in the U.S.

Shares of VMware Inc. (NYSE: VMW) rallied more than 2% in Tuesday's pre-market trading after Bank of America/Merill Lynch upgraded its rating on the stock to Buy from Neutral.

European stocks were mixed in afternoon trade. At 13:02 pm, the UK FTSE fell 11.94 points or 0.21% to 5,774.15. The German DAX dropped 0.22% while French CAC increased 0.17%.

Asian stocks finished higher. The Nikkei 225 jumped 401.57 points or 4.36% to 9,608.32. The Hang Seng index of Hong Kong gained 172.68 points or 0.76% to 22,857.90.

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