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To: Dealer who wrote (31902)	9/6/2000 8:06:05 AM
From: Dealer	Respond to of 35685

<font color=blue>MARKET SNAPSHOT--Small gains in store for U.S. markets More merger news in financial sector By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:49 AM ET Sep 6, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) - A merger announcement in the financial services arena may bring action to the group Wednesday. Market watchers will also be scrutinizing action in the chip sector in the wake of Intel's sell-off on Tuesday, which rippled throughout the entire technology arena. On the merger front, Citigroup (C: news, msgs) announced it's purchasing Associates First Capital Corp. (AFS: news, msgs) in a stock transaction valued at about $31.1 billion. Under the terms of the deal, Associates shareholders will get 0.7334 common shares of Citigroup for each share of Associates. September S&P 500 futures edged up 1.20 points, or 0.1 percent, and were trading roughly 3.90 points above fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, rose 7.00 points, or 0.2 percent. In the Treasury market, prices hugged the flatline in early action. The 10-year Treasury note dipped 3/32 to yield ($TNX: news, msgs) 5.70 percent and the 30-year bond edged up 1/32 to yield ($TYX: news, msgs) 5.67 percent. On the data docket, the revision to second-quarter productivity will be out at 8:30 a.m. It's expected to be upwardly revised to show a 5.4 percent increase compared to the previously reported 5.3 percent rise. View Economic Preview, economic calendar and forecasts and historical economic data. In the currency arena, dollar/yen (C_JPY: news, msgs) inched 0.1 percent higher to 105.85 while euro/dollar (C_EUR: news, msgs) fell 0.9 percent to 0.8817. Julie Rannazzisi is markets editor for CBS.MarketWatch.com.