MARKET SNAPSHOT
Stocks look to gain at the open
Futures markets indicate higher open
By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 7:29 AM ET Aug 10, 2000 NewsWatch
Latest headlines
NEW YORK (CBS.MW) - Stocks prices are set for small gains at the open, with most of the buying interest concentrated in the tech sector.
September S&P 500 futures added 1.90 points, or 0.1 percent, and were trading roughly 1.70 points above fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, rose 15.50 points, or 0.4 percent.
In the bond market, prices were mixed ahead of Treasury's $5.0 billion 30-year bond auction.
The 10-year Treasury note shed 2/32 to yield ($TNX: news, msgs) 5.92 and the 30-year bond added 1/8 to yield ($TYX: news, msgs) 5.715 percent.
On the economic front, Thursday will only see the second-tier release of weekly initial claims. View Economic Preview, economic calendar and forecasts and historical economic data.
Julie Rannazzisi is markets editor for CBS.MarketWatch.com. |
