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To: Dealer who wrote (26465)	7/25/2000 8:01:42 AM
From: Dealer	Read Replies (1) \| Respond to of 35685

MARKET SNAPSHOT Solid gains seen at the open Futures markets point to broad-based strength By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:53 AM ET Jul 25, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) - U.S. shares are showing some strength in pre-market activity Tuesday with a firm open in store. September S&P 500 futures added 3.60 points and were trading roughly 7.30 points above fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, rose 25.50 points, or 0.7 percent. In shares seeing action before the official start of trading, Texas Instruments changed hands at 58 7/16 in Instinet, which is up 5 7/16 from its NYSE close. See Indications. The company (TXN: news, msgs) registered after the close Monday second-quarter earnings of 31 cents share, beating the First Call estimate by a penny. See full story. Looking forward, Texas Instruments said it expects sequential revenue growth in its semiconductor business to accelerate in the third quarter -- despite seasonal pressure -- thanks to broad customer demand and strength in key markets such as wireless, catalog and broadband communications. In earnings news, Dow-component AT&T (T: news, msgs) reported a second-quarter profit from operations of 57 cents a share, four cents ahead of the First Call estimate. Including certain gains and charges, AT&T made 53 cents a share. AT&T posted a profit of 49 cents in the year-ago period. The stock ended off 15/16 to 33 5/16 ahead of the news. In the government market, prices plowed ahead in the long end, led by the 30-year issue, following a directionless session on Monday. The 10-year Treasury note gained 1/8 to yield 6.01 while the 30-year bond put on 10/32 to yield 5.79 percent. On the economic docket is July consumer confidence index, seen coming in at 138.8. Also due out: June existing home sales, expected at a 5.01 million rate according to s survey conducted by CBS MarketWatch.com. View Economic Preview, economic calendar and forecasts and historical economic data. Further, Fed Chief Alan Greenspan will testify on the U.S. economy before the House Banking Committee Tuesday morning. It will be a repeat of Thursday's speech before the Senate Banking Committee, which sparked a scintillating rally on Wall Street. This time, investors will zero in on the question and answer session. In the currency arena, the dollar inched up 0.2 percent to 108.93 yen while euro/dollar climbed 1.0 percent to 0.9424. See latest currency rates. Julie Rannazzisi is markets editor for CBS.MarketWatch.com.