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To: UnBelievable who wrote (3754)7/14/2000 9:10:55 AM
From: UnBelievable  Read Replies (1) of 436258
 
Market Pulse - Stock futures like PPI


Last Update: 9:08 AM ET Jul 14, 2000: NewsWatch
Indications
ADR Report

Friday, July 14, 2000

--9:08 am - By Tomi Kilgore
September S&P futures (WP=U0: news, msgs) are rallying 6.70 to 1,516.20. That is about 5 points above fair value, according to figures provided by HL Camp & Company. Nasdaq 100 futures (AH=U0: news, msgs) are 63.50 better at 4,072.00. The futures turned significantly higher after the release of producer price and retail sales figures (see 8:32 and 8:42 item). Investors appear to be focusing more on the dip in core PPI, rather than the stronger-than-expected retail sales. Meanwhile, the yield on the 10-year Treasury bond ($TNX: news, msgs) is up 2.5 basis points at 6.017 percent.
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