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To: Dutch who wrote (24963)	7/11/2000 8:32:35 AM
From: Dealer	Respond to of 35685

MARKET SNAPSHOT Shares set for sloppy open Futures markets point to lower open By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:49 AM ET Jul 11, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) - The stock market is girding for an open on the downside Tuesday with earnings releases again set to capture the spotlight. S&P 500 futures shed 2.80 points, or 0.2 percent, and were trading roughly 3.10 points below fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, lost 18.00 points, or 0.5 percent. Dow-component International Paper (IP: news, msgs) reveals its quarterly results Tuesday, with First Call predicting earnings of 74 cents a share for the second quarter. The stock rose 13/16 to 32 1/14 on Monday. Among other companies set to report are Bestfoods (BFO: news, msgs) and Biogen (BGEN: news, msgs). In the bond market, prices slipped across the board in thin activity, with the 10-year Treasury note off 2/32 to yield 6.046 percent while the 30-year bond lost 2/32 to yield 5.88 percent. On the economic front, only the second-tier report of May wholesales inventories will be out. The market must wait for Friday to get additional information on the U.S. economy’s performance in June. That’s when the producer price index, retail sales and industrial production figures are due out. View Economic Preview, economic calendar and forecasts and historical economic data. In the currency arena, dollar/yen fell 0.3 percent to 106.73 while euro/dollar edged down 0.2 percent to 0.9528. See latest currency rates. -------------------------------------------------------------------------------- Julie Rannazzisi is markets editor for CBS.MarketWatch.com.