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Stocks to watch Wednesday
Federated Investors looks set to rise, but Boots & Coots may tumble.
April 8, 2003: 6:44 PM EDT

NEW YORK (CNN/Money) - The U.S. stock market, which has gone nowhere this week, looks set for more of the same early Wednesday.

But any news on whether Saddam Hussein survived the latest strike on Baghdad could change that, moving a market that has been trying to determine the length of the war in Iraq.

Nasdaq-100 and Standard & Poor's 500 futures were little changed late Tuesday, pointing to a flat start Wednesday.

In after-hours trading, shares of AMR (AMR: Research, Estimates), which runs American Airlines, fell 18 cents to $3.45. Union leaders at American Airlines said they have asked the carrier to sweeten the pot by shortening the duration of wage concession deals struck last week, once again raising the chance of an imminent bankruptcy filing at the world's largest airline.

Federated Investors Inc. (FII: Research, Estimates) rose $1.60 to $27.75 in late trading Tuesday. Standard & Poor's said it will add the investment management company to its benchmark 500 stock index and at the same time drop Pharmacia Corp., a drugmaker being bought by larger rival Pfizer Inc.

But shares of Boots & Coots International (WEL: Research, Estimates) fell 16 cents to 46 cents on heavy after-hours volume. The company that puts out oil well fires acknowledged Tuesday that it still faces bankruptcy risk despite the cash infusion it expects for its work battling oil well fires in Iraq.

Abbott Laboratories (ABT: Research, Estimates) is due to report quarterly results before the market opens Wednesday. Results from Yahoo! (YHOO: Research, Estimates) and Genentech (DNA: Research, Estimates) are due after the close.

No economic indicators are due Wednesday. But Federal Reserve Chairman Alan Greenspan is scheduled to speak at 8 p.m. at the Reagan Library in California. The topic, according to the Fed's Web site, is the legacy of Ronald Reagan, who nominated Greenspan to head the Fed in 1987.

Stocks edged lower Tuesday, giving back some of Monday's slight gains.  Top of page


-- Reuters contributed to this report




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.