M A R K E T .. S N A P S H O T -- Stocks poised to start on the upside
By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 7:17 AM ET Feb 26, 2001
NEW YORK (CBS.MW) - After staging an incredible turnaround late Friday, tech stocks were looking to add to gains Monday with the futures markets pointing to a positive start for the broad market as well.
March S&P 500 futures gained 6.40 points, or 0.5 percent, and were trading roughly 5.20 points above fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, put on 37.50 points, or 1.8 percent.
Over in the Treasury arena, the front end gained some minor ground while long-dated issues slipped into the minus column.
The 10-year Treasury note was off 1/32 to yield ($TNX) 5.10 percent while the 30-year government bond lost 3/32 to yield ($TYX) 5.48 percent.
In economic news, January existing home sales will be out. View Economic Preview, economic calendar and forecasts and historical economic data.
In the currency arena, dollar/yen edged up 0.3 percent to 116.24 while euro/dollar dropped 0.8 percent to 0.9097.
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