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

To: Dealer who wrote (35677)	4/12/2001 8:38:44 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P[ S H O T -- More gains in store? By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:27 AM ET Apr 12, 2001 NEW YORK (CBS.MW) - Investors appear willing to let the tech sector ride its gains for a fourth straight session, with the futures markets hinting at some mild upside for the open Thursday. June S&P 500 futures edged up 0.30 point and were trading about 0.40 point above fair vale, according to HL Camp & Co. Nasdaq futures, meanwhile, gained 10.00 points, or 0.6 percent. Yahoo (YHOO) shares continued to gain traction, rising $1.09 to $16.95 in Instinet. The company posted after the close Wednesday a first-quarter profit of 1 cent a share vs. breakeven results expected by First Call/Thomson Financial. Yahoo also announced it was slashing 12 percent of its work force. Looking ahead, the portal giant said it expects to earn 2 to 6 cents a share for the year on revenue of $700 million to $775 million. Wall Street projects a 5-cent a share profit for 2001. Government issues, which have continued to take their cues from stock market gyrations, opened mixed, with short-term issues under some modest selling pressure. The 10-year Treasury note was up 3/32 to yield ($TNX) 5.11 percent while the 30-year government bond added 5/32 to yield ($TYX) 5.60 percent. Thursday will see the release of an onslaught of data - the most important of the week: March retail sales, seen coming in at flat levels; the March producer price index, seen edging up 0.1 percent both overall and at the core, which excludes food and energy components; and weekly initial claims. Also on tap is the Michigan consumer sentiment index for April. View Economic Preview and economic calendar and forecasts. In the currency arena, dollar/yen slid 1.1 percent to 123.40 while euro/dollar edged down 0.4 percent to 0.8844.