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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dealer who wrote (31993)	2/27/2001 8:07:41 AM
From: Dealer	Read Replies (4) of 65232

M A R K E T .. S N A P S H O T -- Steady to lower open in store By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:46 AM ET Feb 27, 2001 NEW YORK (CBS.MW) - U.S. stocks are looking to take a breather Tuesday following Monday's very favorable price action that lifted almost all boats in the marketplace. The futures markets are pointing to some scattered weakness in the tech arena following two sessions of higher closes for Nasdaq. Investors are perhaps displaying some caution ahead of the morning's key release of February consumer confidence. See Economic Preview and economic calendar and forecasts. March S&P 500 futures shed 3.60 points, or 0.3 percent, but were trading only 0.40 point below fair value, according to numbers provided by HL Camp & Co. Nasdaq futures, meanwhile, erased 13.00 points, or 0.6 percent. Over in the government bond arena, prices continued their ascent following Monday's optimism, which came on the wings of increased expectations for a rate cut before the next scheduled Federal Open Market Committee Meeting on March 20. The 10-year Treasury note advanced 10/32 to yield ($TNX) 4.99 percent while the 30-year government bond rose 5/32 to yield ($TYX) 5.42 percent. Checking the currency segment, dollar/yen edged down 0.3 percent to 116.08 while euro/dollar climbed 0.6 percent to 0.9149.

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