DALTON TANONAKA, CNN ANCHOR, BIZASIA: Attention on Wall Street shifts back to corporate earnings after the U.S. Fed watch. For a check on sentiment ahead of Wednesday's market opening in New York, we go to Sasha Salama at the Nasdaq marketsite. Sasha, no Fed surprise, what now?</s>SASHA SALAMA, CNN CORRESPONDENT: Well, Dalton, those futures are actually pointing to some advances here at the Nasdaq, which would be welcome relief for the bulls. It's been brutal here, the Nasdaq finishing at 4 1/2 month lows, 1831, a loss of 3 percent. But things are looking up for the open here, and you're right, corporate earnings are front and center. Some of the bigger names here coming from Intuit, the maker of personnel finance software, losing ground yesterday, but is up in the premarket, up about $2 1/2 after Intuit reported a loss, but also a loss that was better than what Wall Street expected. Intuit cutting 1 percent of it's work force, that's 60 jobs, and reaffirming its the guidance for 2002; that's INTU. Another one to watch is Sycamore Networks. A big loss for SCMR in the regular session on Tuesday. The optical networking firm is down a bit more this morning after coming in with results, a loss that were in line with expectations, but it warned of possibly more red ink in the current quarter. Revenues could fall as mush as 75 percent from where they did in the same quarter last year. So we're watching those two stocks as well as the chip stocks after a bullish report on orders for the month of July for chip equipment -- Dalton.</s>TANONAKA: Sasha, thank you. END TO ORDER VIDEOTAPES AND TRANSCRIPTS OF CNN INTERNATIONAL PROGRAMMING, PLEASE CALL 800-CNN-NEWS OR USE THE SECURE ONLINE ORDER FROM LOCATED AT www.fdch.com
Wall Street Sentiment Shifts Back to Corporate Earnings After Fed Decision