DALTON TANONAKA, CNN ANCHOR, BIZASIA: Now, Wall Street could be in for another quiet session after investors largely shrugged off Tuesday's decent batch of earnings reports. For the sentiment ahead of New York's opening bell, we go to Sasha Salama at the Nasdaq marketsite. Sasha, what's the early mood?</s>SASHA SALAMA, CNN CORRESPONDENT: Good morning, Dalton, from New York. The early mood here is upbeat, those futures are pointing to a bounce at the open, and that would come after the action that we saw on Tuesday, a loss of about 1 percent to 1964. Volume is still very light, which is quite characteristic of these days in August. We do have several catalysts that could really move stocks higher though. One of them is Applied Materials, AMAT as it's know. The No.1 maker of computer chip equipment is actually up after losing ground in Tuesday's session. AMAT's stock is up about a $1.30, just under $45 a share. The company came in with better-than-expected earnings amid, really, the worst slump in the chip industry ever. Also, sales were cut by more than a half, and orders, which are watched very closely as a guide to future sales and earnings, were a little more than 1/3 of what they were a year ago. But because AMAT beat what Wall Street had expected in terms of the bottom line, the stock is being bid up. We're also seeing BEA Systems up about a dollar to 19 1/2. BEA had been rallying in Tuesday's session. This company came in with better-than- expected results, and even though it lowered guidance for the rest of the year, it wasn't as bad as Wall Street thought -- 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 Likely in for Another Quiet Session