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To: Dealer who wrote (29429)	8/18/2000 8:20:31 AM
From: Dealer	Respond to of 35685

<font color=green>MARKET SNAPSHOT Split screens may emerge Trade numbers ahead By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:17 AM ET Aug 18, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) - The major averages may take separate paths on Friday with some sloppiness surfacing in the technology arena. September S&P 500 futures added 1.40 points, or 0.1 percent, and were trading roughly 2.20 points above fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, added 4.00 points, or 0.1 percent. In economic news, Friday will see the release of the June trade data, seen posting a deficit of $30.9 billion. View Economic Preview, economic calendar and forecasts and historical economic data. In shares trading before the opening bell, Agilent Technologies changed hands at 53 1/2 in Europe, up 7 from its NYSE close, according to Madoff Investment Securities in London. See Indications. The company (A: news, msgs), which was spun off by H-P, reported third-quarter earnings of 33 cents a share after the close Thursday. That was well ahead of the First Call estimate of 20 cents a share and the 29 cents a share it earned in the year-ago quarter. Sales rose by 28 percent to $2.7 billion, compared with $2.1 billion in the year-ago period. Meanwhile, government prices were a sliver lower in anemic dealings. The fixed-income market has taken a wait-and-see approach ahead of Tuesday's FOMC meeting, even as participants remain unanimous in their view that the Fed will stand pat on short-term rates. The 10-year Treasury note lost 1/32 to yield ($TNX: news, msgs) 5.815 percent and the 30-year bond slipped 2/32 to yield ($TYX: news, msgs) 5.72 percent In the currency market, the dollar recovered against the yen after three straight sessions of losses and rose against the euro as well. The pair (C_JPY: news, msgs) added 0.3 percent to 108.84 while euro/dollar (C_EUR: news, msgs) edged down 0.3 percent to 0.9130. See latest currency rates. The greenback received support from reweightings in the Morgan Stanley Capital Management indexes, which favored the U.S. at the expense of Japan and Europe. Japan's weighting was lowered to 10.75 percent from 11.04 percent while the U.S. weighting was increased to 49.36 percent from 48.10 percent. And the weighting of the euro-zone economies was shaved just a smidgen to 15.99 percent from 16.19 percent. Julie Rannazzisi is markets editor for CBS.MarketWatch.com.