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To: Dealer who wrote (30897)	8/29/2000 8:41:12 AM
From: Dealer	Respond to of 35685

<font color=BLUE>MARKET SNAPSHOT--Markets look for direction By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:22 AM ET Aug 29, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) - Shares are set for an open on the steady side Tuesday as markets look for direction and await the morning's dose of economic news. September S&P 500 futures shed 1.70 points, or 0.1 percent, and were trading roughly 2.00 points below fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, lost 4.00 points, or 0.1 percent. Over on the economic docket, Tuesday will see the release of August consumer confidence, seen coming in at 141.7, as well as July new home sales, expected at 826,000, according to a survey of economists conducted by CBS MarketWatch.com. View Economic Preview, economic calendar and forecasts and historical economic data. In shares trading before the opening bell, Intel (INTC: news, msgs) shed 1 to 72 7/8, according to Madoff Investment Securities in London. See Indications. The chip kingpin said late Monday it found a defect in its Pentium III processor running at 1.13 gigahertz, which began shipping July 31. An Intel spokesman said the company has shipped a very small number of the processors and defined the problem "immaterial" to its quarterly revenue numbers. In the Treasury market, the 10-year Treasury note edged up 3/32 to yield ($TNX: news, msgs) 5.77 percent and the 30-year bond was up 2/32 to yield ($TYX: news, msgs) 5.71 percent. In the currency arena, dollar/yen (C_JPY: news, msgs) was flat at 106.45 while euro/dollar (C_EUR: news, msgs) slipped 0.3 percent to 0.8970. Julie Rannazzisi is markets editor for CBS.MarketWatch.com.