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


To: Dealer who wrote (13177)11/9/2000 8:09:56 AM
From: Dealer  Read Replies (2) | Respond to of 65232
 
<FONT COLOR=BLUE>MARKET SNAPSHOT--Mixed open in store
By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 7:41 AM ET Nov 9, 2000

NEW YORK (CBS.MW) - As the recount in Florida continues, the market is contending with a string of earnings news Thursday and preparing for an open close to the flat line.

Dell Computer's earnings, due out after the close of trading, is likely to set the tone for Friday. The company (DELL), which ended off 6.9 percent on Wednesday, is expected to have made 25 cents a share in its third quarter, per First Call.

December S&P 500 futures edged up 2.20 points, or 0.2 percent, but were trading approximately 2.50 points below fair value, according to HL Camp & Co. Nasdaq futures gained some minor ground, adding 9 points, or 0.3 percent.

Government prices barely budged from Wednesday's levels ahead of the morning's dose of economic news and a scheduled buyback of long bonds.

The 10-year Treasury note was off 2/32 to yield ($TNX) 5.845 percent while the 30-year government bond was flat to yield ($TYX) 5.88 percent.

On the economic front, import prices lost 0.5 percent in October and were flat excluding fuel prices. Thursday will see the release of the producer price index, expected to have risen by 0.2 percent in October. View Economic Preview, economic calendar and forecasts and historical economic data.

The dollar extended its gains against both the yen and the euro Thursday, albeit with less gusto In recent dealings, dollar/yen was up 0.1 percent to 107.28 while euro/dollar lost 0.2 percent to 0.8527.