M A R K E T .. S N A P S H O T -- Shares poised for a pullback
By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 8:00 AM ET Nov 20, 2001
NEW YORK (CBS.MW) -- Shares are bracing for a modest pullback on Tuesday after checking in with meaningful gains on Monday.
December S&P 500 futures retreated 4.70 points, or 0.4 percent, and were trading about 2.50 points below fair value, according to HL Camp & Co. And Nasdaq futures lost 11.00 points, or 0.7 percent while the Dow Jones Indicative Index rose 5 points, or 0.1 percent, to 9,982.
In shares trading before the opening bell, Intel Corp. (INTC) was down 29 cents in Instinet while Cisco Systems (CSCO) shaved 11 cents to $20.60.
In the government bond arena, prices gained traction for a second session.
The 10-year Treasury note was up 11/32 to yield ($TNX) 4.76 percent while the 30-year government bond climbed 19/32 to yield ($TYX) 5.205 percent.
Tuesday will see the release of the September trade number, seen revealing a $24.2 billion deficit, and October leading economic indicators, expected to come in at flat levels. Check economic calendar and forecasts.
In the currency sector, the dollar edged down 0.2 percent to 122.89 yen while the euro climbed 0.5 percent to 88.24 cents. |
