M A R K E T .. S N A P S H O T -- Shares look to extend gains
By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 7:32 AM ET May 17, 2001
NEW YORK (CBS.MW) -- U.S. shares are looking to build on gains Thursday following a powerful rally on Wednesday, with gains set to benefit the broad market.
June S&P 500 futures rose 3.90 points, or 0.3 percent, and were trading roughly 4.10 points above fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, climbed 32.00 points, or 1.7 percent.
In shares trading before the opening bell, Ciena (CIEN) shares took off after the fiber-optic outfit posted better-than-expected results.
In the government arena, prices traded mixed after Wednesday's run-up.
The 10-year Treasury note was off 2/32 to yield ($TNX) 5.45 percent while the 30-year government bond added 1/4 to yield ($TYX) 5.835 percent.
Thursday will see the release of April leading economic indicators, seen rising by 0.1 percent. The Philly Fed manufacturing index for May will also be out and is expected to show a negative 6.0 reading. View Economic Preview and economic calendar and forecasts.
In the currency arena, dollar/yen edged down 0.1 percent to 123.21 while euro/dollar edged up 0.1 percent to 0.8827. |
