Stock Market Update

The stock market is now on track for a modestly higher open, setting the major averages up to make another run at their respective record high levels. 

Dell (DELL 155.19, +9.43, +6.5%) makes a nice move in the pre-market after announcing an increase to its long-term financial framework at a securities analyst meeting. The company sees long-term annual revenue growth of +7-9% versus prior guidance of +3-4%. 

In conjunction with a nice move in IBM (IBM 297.70, +8.28, +2.9%), continued momentum in Advanced Micro Devices (AMD 213.50, +9.79, +4.8%), and NVIDIA (NVDA 186.60, +1.09, +0.6%) set to open higher, the information technology sector is once again poised to lead an index-level advance today.