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Stock futures showing marginal gains

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Stock futures are showing marginal gains this morning with S&P futures trading higher by 1 point, NASDAQ futures are up 8 points and Dow futures are higher by 50 points. Fair value for the S&P 500 today is $0.96. HL Camp and Company has their computers set for program buying at $2.44 and set for selling at ($0.71). Fair value for the NASDAQ-100 today is $2.00.

Nokia says "On track to achieve third-quarter profits"

Shares of Nokia (NYSE:NOK) should get a boost today as the company says it is on track to achieve its third-quarter profit estimates, despite falling revenues. In overnight trading, shares of NOK rose 12.5% in Helsinki. Yesterday, shares of NOK closed here in the U.S. at $13.75.

Plane hits World Trade Center in New York

Early reports from Manhattan have a twin engine plane colliding with the World Trade Center in New York. Stock futures had dipped rather precipitously just before the news was announced, but then recovered. Many professionals that frequent the building day to day may not yet have shown up for the work day. It now looks like a building next door to the World Trade Center has caught fire.

Stock futures are now declining precipitously. Reports now are coming in that a second plane has flown in to the second tower next to the World Trade Center and speculation is beginning to come in that these incidents may be "suicide attacks."

There is also news coming in that the New York Stock exchange may be evacuating. This is a market moving event and may affect equities today. We'll try and keep subscribers abreast of the events as they unfold today.

Jeff Bailey
Senior Market Technician

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