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

To: Dealer who wrote (7186)	10/11/2000 8:37:00 AM
From: Dealer	Respond to of 65232

<FONT COLOR=BLUE>MARKET SNAPSHOT--Bleak open in store for shares Futures take a dive By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:31 AM ET Oct 11, 2000 NEW YORK (CBS.MW) -- A profit warning from Lucent Technologies and an earnings report from Yahoo that failed to inspire investors is heavily weighing on sentiment Wednesday. December S&P 500 futures lose 6.40 points, or 0.5 percent, and were trading a whopping 17 points below fair value, according to figures provided by HL Camp & Co. Nasdaq futures, meanwhile, lost 65.00 points, or 2.1 percent. In the bond arena, prices were a sliver higher as the expected lower open in the stock market is creating a slight bid for fixed-income securities. However, Treasurys will have to contend with an onslaught of issuance in the corporate market. The 10-year was up 2/32 to yield ($TNX) 5.775 percent while the 30-year bond added 3/32 to close at a yield ($TYX) of 5.815 percent. The economic agenda will see the second-tier report of August wholesale inventories. View Economic Preview, economic calendar and forecasts and historical economic data. Cornering the currency market, dollar/yen added 0.1 percent to 107.95 while euro/dollar edged up 0.1 percent to 0.8721. Julie Rannazzisi is markets editor for CBS.MarketWatch.com.