US open: Tech stocks shine
Leading US shares are mixed, but with a slightly easier bias, despite better than expected US productivity data.
Productivity rose at a 2.2% annual rate in the first quarter of 2008 after rising 1.8% in the fourth quarter, as employers cut back on staff while still attempting to maintain the same output levels.
The Dow Jones 30 is down 11 at 13,009 and the S&P 500 unchanged at 1,417. The NASDAQ Composite is up 6 at 2,489.
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Mobile phone company Sprint Nextel is going well after announcing plans to team up with telecoms company Clearwire to run a proposed high-speed wireless network.
Insurance broker Marsh & McLennan edges higher despite reporting a first quarter loss of 40 cents a share. The company said it hopes to sell parts of its Kroll subsidiary after a $425m write-down at the unit plunged the company into loss.
Theme park operator and film studio Walt Disney is on the up after Tuesday's results which saw fiscal second quarter earnings per share rise 35% to $0.58 compared to $0.43 in the prior-year.
