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

To: Dealer who wrote (29766)	1/24/2001 7:59:35 AM
From: Dealer	Respond to of 65232

M A R K E T-S N A P S H O T.....Stocks set for mixed to higher open Investors process earnings downpour By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:53 AM ET Jan 24, 2001 NEW YORK (CBS.MW) -- Stocks are set for a mixed to higher open Wednesday with strength developing in the technology sector in the midst of another disappointing quarterly report from Lucent Technologies. March S&P 500 futures gained 3.60 points, or 0.2 percent, but were trading roughly 0.40 point below fair value, according to figures provided by HL Camp & Co. Nasdaq futures, meanwhile, added 40.00 points, or 1.5 percent. Lucent Technologies (LU) announced a loss of 30 cents a share in its first quarter vs. the First Call/Thomson Financial estimate of a loss of 27 cents a share. Further, the troubled company said it'll slash 10,000 jobs, or 10 percent of its total workforce, and take a $1.6 billion charge as part of a seven-point restructuring plan. Lucent said it was affected by the softening of the competitive local exchange carrier market as well as consolidation in the industry, adding that it expects to see improvements next quarter. The stock fell 6 cents to $18.75 in Instinet pre-market dealings. In the fixed-income arena, Treasurys traded mixed after losing significant ground in afternoon trading Tuesday. The 10-year Treasury note was off 1/8 to yield ($TNX) 5.305 percent while the 30-year government bond added 7/32 to yield ($TYX) 5.635 percent. There's no economic data on Wednesday's plate. View Economic Preview, economic calendar and forecasts and historical economic data. In the foreign exchange sector, dollar/yen rallied 1.2 percent to 118.05 while euro/dollar slipped 0.6 percent to 0.9292.