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

To: Dealer who wrote (31086)	2/15/2001 8:37:43 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T -- An upside open in store for shares Techs look to get another boost By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:52 AM ET Feb 15, 2001 NEW YORK (CBS.MW) - Tech stocks are looking to put on another decent performance at the open Thursday, with some strength developing in the broad market as well after Wednesday's sloppy action in the blue-chip arena. March S&P 500 futures added 3.70 points, or 0.3 percent, and were trading about 2.60 points above fair value, according to figures provided by HL Camp & Co. Nasdaq futures jumped 34.00 points, or 1.5 percent. In shares seeing activity before the opening bell, Amazon.com (AMZN) slipped 4.8 percent to $13.75 in Instinet dealings. The stock was downgraded to a "sell" rating from a "hold" with its price target slashed to $9 from $20 by Prudential Securities. Analyst Mark Rowen said the move was prompted by slow growth in the company's book/music/video segment. See related Pulse item. Treasury action Government prices were mixed in the early going. The 10-year Treasury note rose 2/32 to yield ($TNX) 5.15 percent while the 30-year government bond added 3/32 to yield ($TYX) 5.45 percent. Short maturities continued to lag, posting minor losses and flattening the yield curve. Expectations have diminished for a In economic news, weekly initial claims and the Philly Fed Index for February will be out. View Economic Preview, economic calendar and forecasts and historical economic data. In the currency arena, dollar/yen lost 0.2 percent to 116.18 while euro/dollar tumbled 1.1 percent to 0.9074. .