M A R K E T .. S N A P S H O T -- A touch of weakness developing
By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 7:22 AM ET Jun 11, 2001
NEW YORK (CBS.MW) -- Stock prices are poised for some downside at the open Monday as buyers hold on to their cautious ways with the pre-announcement period underway.
September S&P 500 futures shaved 2.00 points, or 0.2 percent, and were trading roughly 1.10 points below fair value, according to HL Camp & Co. Nasdaq futures gave up 5.50 points, or 0.3 percent.
Over in the government arena, prices gained some minor traction across the board.
The 10-year Treasury note rose 5/32 to yield ($TNX) 5.33 percent while the 30-year government bond added 1/8 to yield ($TYX) 5.73 percent.
While no data is due out Monday, the week is jam-packed with key economic reports, including May retail sales, the consumer and producer price indexes, industrial production, capacity utilization and the June Michigan Consumer Sentiment Index. View Economic Preview and economic calendar and forecasts.
In the currency arena, dollar/yen rose 0.7 percent to 121.69 while euro/dollar edged down 0.1 percent to 0.8495. |
