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To: DepyDog who wrote (25737)	7/18/2000 7:59:53 AM
From: Dealer	Read Replies (2) \| Respond to of 35685

MARKET SNAPSHOT Stocks poised for downside open Market awaits earnings, CPI By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:52 AM ET Jul 18, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) - If the futures markets are of any indication, the tech sector may take a breather Tuesday following four straight sessions of gains. September S&P 500 futures added 0.50 points and were trading roughly 2.70 points below fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, fell 6.00 points, or 0.1 percent. Another deluge of earnings news will hit the screens Tuesday. Merrill Lynch (MER: news, msgs) posted second-quarter earnings of $2.01 a share, beating the First Call estimate of $1.70 per share and last year's $1.57 a share. The company also announced a 2-for-1 stock split. Shares rose 4 17/32 to 136 1/2 in Instinet dealings. See Indications. On the economic front, market watchers are awaiting the release of the consumer price index, expected to have increased by 0.4 percent in June. View Economic Preview, economic calendar and forecasts and historical economic data. In the fixed-income arena, prices traded in a mixed fashion, with the 10-year Treasury note up 2/32 to yield 6.14 percent while the 30-year bond slipped 2/32 to yield 5.925 percent. See Bond Report. In the currency arena, the greenback traded close to flat levels, with dollar/yen off 0.1 percent to 107.81 while euro/dollar edged down 0.1 percent to 0.9350. See latest currency rates. -------------------------------------------------------------------------------- Julie Rannazzisi is markets editor for CBS.MarketWatch.com