June 11, 2002	Tuesday	Rabi-ul-Awwal 29, 1423

LONDON, June 10: Wall Street looked set to make a firmer start on Monday as microchip maker Intel bounced in quiet European trade after Friday’s steep fall.

Among US index futures pointing to a stronger opening in New York, the June contract of the Dow Jones industrial average rose 11 points and the equivalent Nasdaq contract added 4.5 points by 1100 GMT.

There is a bit of a technical bounce in Intel. It looks like there will be a small bounce on Wall Street but nothing too exciting, said one dealer.

Intel Corp, the world’s largest semiconductor maker, crept up to $22.3 from a close of $22, having plunged 18 per cent on Friday after it cut its revenue forecast, citing lower-than-expected demand in Europe.—Reuters