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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Sully- who wrote (39804)	8/6/2001 8:15:47 AM
From: Dealer	Read Replies (1) of 65232

M A R K E T .. S N A P S H O T -- Stocks to start week on the downside By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:56 AM ET Aug 6, 2001 NEW YORK (CBS.MW) -- Stocks look to build on losses Monday as investors again displayed a cautious stance ahead of Cisco Systems' earnings release on Tuesday. September S&P 500 futures gave up 4.40 points, or 0.3 percent, and were trading about 2.60 points below fair value, according to HL Camp & Co. And Nasdaq futures lost 19.50 points, or 1.1 percent. In the Treasury sector, prices were mixed, with the 10-year Treasury note was up 2/32 to yield ($TNX) 5.155 percent while the 30-year government bond shaved 1/32 to yield ($TYX) 5.58 percent. No economic data is set for release Monday. This week's economic calendar tapers off considerably, with the week's highlights represented by the producer price index, the Beige Book report on economic conditions and the second-quarter productivity report. and economic calendar and forecasts. In the currency sector, dollar/yen edged up 0.2 percent to 123.90 while euro/dollar lost 0.3 percent to 0.8806.

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