M A R K E T .. S N A P S H O T -- Can U.S. stocks snap back?
Futures point to mixed open
By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 7:23 AM ET Apr 25, 2001
NEW YORK (CBS.MW) - U.S. stocks are set for a modestly higher open Wednesday after three straight days of losses.
June S&P 500 futures rose 1.00 point, or 0.1 percent, and were trading approximately 2.40 points above fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, erased 12.00 points, or 0.7 percent.
Treasury prices ascended, with modest gains enjoyed across the board.
The 10-year Treasury note was up 11/32 to yield ($TNX) 4.995 percent while the 30-year government bond added 14/32 to yield ($TYX) 5.42 percent.
Wednesday will see an onslaught of economic news: March durable goods orders, seen rising 1 percent; March new home sales, expected at 911,000; and March existing home sales, expected at 5.14 million. View Economic Preview and economic calendar and forecasts.
In the currency arena, dollar/yen inched up 0.1 percent to 122.40 while euro/dollar edged up 0.1 percent to 0.8943.
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