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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dealer who wrote (30705)2/8/2001 7:45:06 AM
From: Dealer  Read Replies (1) of 65232
 
M A R K E T .. S N A P S H O T -- A bounce in store for shares
By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 7:26 AM ET Feb 8, 2001

NEW YORK (CBS.MW) - U.S. shares are set for a modest bounce Thursday in the aftermath of a Cisco-induced, broad-based sell off among technology issues Wednesday.

March S&P 500 futures added 2.00 points, or 0.1 percent, and were trading about 4.10 points above fair value, according to HL Camp& Co. Nasdaq futures, meanwhile, gained 11.000 points, or 0.5 percent.

Over in the fixed-income arena, the market will have to deal with the last leg of the refunding actions - a $10 billion sale of 30-year bonds.

The 10-year Treasury note was up 1/32 to yield ($TNX) 5.10 percent while the 30-year government bond lost 2/32 to yield ($TYX) 5.53 percent.

View Economic Preview, economic calendar and forecasts and historical economic data.

In the currency arena, dollar/yen was flat at 116.32 while euro/dollar slipped 0.6 percent to 0.9221.
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