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Market Update : 
Dell Falls on Earnings and SEC Probe
Author: Elena Todorova
123jump.com
Last Update: 8:43 AM EDT August 18 2006


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After four consecutive sessions if gains, U.S. stock equity futures indicated a flat opening. Altria Group and Reynolds American are expected to rise after a judge''s ruling held that tobacco companies violated federal racketeering laws. Tech stocks are expected to fall after Dell reported a 51% net income drop in Q2 and revealed SEC probe regarding accounting issues. Company''s shares dropped 6.7%. Gap Inc. posted Q2 profit drop of 53% on lower margins.

 

 

 
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