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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dealer who wrote (37402)	5/31/2001 8:22:20 AM
From: Dealer	Read Replies (1) of 65232

M A R K E T .. S N A P S H O T -- Stocks hope for a rebound By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:30 AM ET May 31, 2001 NEW YORK (CBS.MW) -- Stocks are looking to stage somewhat of a rebound Thursday following Wednesday's rout, which took virtually every sector lower. June S&P 500 futures put on 4.90 points, or 0.4 percent, and were trading about 5.20 points above fair value, according to HL Camp & Co. And Nasdaq futures added 13.50 points, or 0.8 percent. On the government bond front, prices were mixed in anemic action out of the gate. The 10-year Treasury note was up 2/32 to yield ($TNX) 5.50 percent while the 30-year government bond edged down 1/32 to yield ($TYX) 5.84 percent. Thursday will see the release of weekly initial claims as well as the Chicago Purchasing Managers Index. But Friday will see the week's main event -- the May employment report. View Economic Preview and economic calendar and forecasts. Checking currencies, dollar/yen fell 1.1 percent to 119.05 while euro/dollar dropped 0.8 percent to 0.8482. --------------------------------------------------------------------------------

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