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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (6621)	10/9/2000 8:02:53 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

<FONT COLOR=BLUE>MARKET SNAPSHOT--Shares look to slightly positive open By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:48 AM ET Oct 9, 2000 NEW YORK (CBS.MW) - Shares are set for an open on the steady side Monday after an across-the-board selling spree on Friday that pushed the major averages deep in the red and saw the Nasdaq close at 4 1/2 month lows. December S&P 500 futures shed 1.00 point but were trading roughly 0.60 point above fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, rose 14.50 points, or 0.4 percent. This week will see the third-quarter earnings season begin in earnest. Three Dow components are on tap -- International Paper, General Motors and General Electric. As of Friday, the number of negative pre-announcements stood at 351, up 25 percent from the same time last year, according to First Call. Expectations for third-quarter growth in S&P 500 companies are now at 15.9 percent versus the 18.8 percent growth rate expected on July 1. The bond market is closed in observance of the Columbus Day Holiday. On Friday, the 10-year Treasury note ended up 14/32 to yield ($TNX) 5.80 percent while the 30-year bond put on 24/32 to close at a yield ($TYX) of 5.845 percent. On the economic front, the week's highlights include the release of the September producer price index and retail sales report, set to hit the market later in the week. View Economic Preview, economic calendar and forecasts and historical economic data.