Futures Pointing to Solid Gains for Techs and Broader Markets
THIS IS A RUSH TRANSCRIPT.  THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. DAVID HAFFENREFFER, CNN FINANCIAL NEWS: Good morning, I'm David Haffenreffer in New York with this financial market preview on this Wednesday morning. If you take a look at the latest reading on stock index futures, it could be shaping up to be a banner day here in New York. Futures pointing to solid gains for both tech and the broader market. Quarterly earnings from IBM and Intel could provide the boost today. It was after yesterday's closing bell that IBM beat estimates, even though it posted its first quarterly decline in two years. Big Blue did however say it was on track for fourth quarter targets. IBM is up 20 percent so far this year and is the second best performing Dow stock this year trailing only Microsoft. Intel also rolled out results after the closing bell. Its earnings plummeted 77 percent from the same time last year, still good enough, though, to match Wall Street's forecasts. And just minutes ago, Dow component Citigroup matched estimates as profits fell 8 percent. In addition to earnings, investors will also be paying very close attention to Alan Greenspan. The Federal Reserve chairman testifies before Congress' joint Economic Committee a little bit later on this morning. And that is a quick check on business this Wednesday. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com