imaging programs, design, technology, document sharing, information systems, data, datamine
SOURCE: CNN MONEY
Wall St.'s graphic gains?
U.S. markets set to open higher Tuesday on Adobe results; Fed meeting awaited.
September 21, 2004: 9:15 AM EDT
NEW YORK (CNN/Money) - Optimism about tech stocks in the wake of strong results from Adobe Systems could lift U.S. stocks at Tuesday's open, pushing the meeting of Fed policy makers on Wall Street's back burner for at least a little while.
Early Tuesday, Nasdaq and S&P futures were solidly higher.
Adobe Systems (ADBE: Research, Estimates) rose more than 3 percent in before-hours trading Tuesday. The graphic software maker said strong demand for its Photoshop and document-sharing programs allowed it to beat analysts' fiscal third-quarter earnings estimates; it also raised forecasts for the current quarter.
Larry Watchel, market analyst with Wachovia Securities, said it is the computer chipmakers that helped lead technology stocks in Asia and Europe higher in Tuesday trading and helping to lift U.S. stock futures early Tuesday. Those gains followed an upgrade for the sector from Wall Street research firm Bernstein & Co....
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