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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (38035)	6/21/2001 7:53:28 AM
From: Dealer	Read Replies (2) of 65232

M A R K E T .. S N A P S H O T -- Stocks look to open on steady note By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:18 AM ET Jun 21, 2001 NEW YORK (CBS.MW) -- Shares prices are readying for an open on the flat side Thursday, with investors still unwilling to step up to the plate as the pre-announcement season unwinds. Buyers did take the tech sector higher Wednesday in a vigorous late-day move propelled predominantly by the Internet and software sectors. September S&P 500 futures eked out a gain of 0.50 point and were trading about 1.90 points below fair value, according to HL Camp & Co.'s figures. Nasdaq futures, in the meantime, slipped 5.00 points, or 0.3 percent. Long-dated Treasurys notched gains while shorter issues hugged the flatline. The 10-year Treasury note put on 3/32 to yield ($TNX) 5.19 percent while the 30-year government bond gained 1/4 to yield ($TYX) 5.65 percent. Thursday will see the release of weekly initial claims and the April trade gap, with a $31.2 billion deficit expected. View Economic Preview and economic calendar and forecasts. In the currency arena, dollar/yen added 0.3 percent to 124.29 while euro/dollar edged up 0.1 percent to 0.8560. --------------------------------------------------------------------------------

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