Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dealer who wrote (37572)	6/7/2001 8:24:55 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T -- Stocks brace for more downside By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:33 AM ET Jun 7, 2001 NEW YORK (CBS.MW) -- The U.S. stock averages may get some more downside once the market opens Thursday as buyers continue to take a break after the market's run-up late last week and earlier this week. June S&P 500 futures declined 0.90 points, or 0.1 percent, and were trading about 2.20 points below fair value. Nasdaq futures erased 8.00 points, or 0.4 percent. Checking shares trading in the pre-market, Dow stock Philip Morris (MO) got a near 8-percent decline in European action following news that a Los Angeles jury ordered the tobacco company to pay $3 billion in punitive damages to one smoker. Somnolent trading dominated in the Treasury arena as prices stayed close to the flat level and, reversing Wednesday's pattern, saw long issues decline while short-dated issues eked out gains. The 10-year Treasury note was up 11/32 to yield ($TNX) 4.995 percent while the 30-year government bond added 14/32 to yield ($TYX) 5.42 percent. Only weekly initial claims are on tap Thursday morning. View Economic Preview and economic calendar and forecasts. In the currency arena, dollar/yen shed 0.2 percent to 119.96 while euro/dollar edged down 0.2 percent to 0.8473.