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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: keithcray who wrote (864)	6/13/2001 8:36:23 AM
From: 2MAR$	Read Replies (1) \| Respond to of 26752

NOK lookin to open higher MARKET TALK: Consumer Spending Off To Good Start In 2Q Edited by Thomas Granahan Of DOW JONES NEWSWIRES (Call Us: 201 938-5299; All Times Eastern) MARKET TALK can be found using code N/DJMT 8:34 (Dow Jones) Retail and food service sales inched up by 0.1% in May and were up 0.3% excluding auto sales, right on consensus. The May increase followed an upward-revised 1.4% increase in total sales in April. The combined increases get consumer spending off to a strong pace in 2Q. (JM) 8:30 (Dow Jones) The afternoon reversal that brought major equity indexes back from the dead Tuesday doesn't appear to have found its way into this morning's action. The technicals are still painting a near-term negative picture, but the market will take its cue partly from the upcoming retail sales report for May. Beige Book later in the day. Lucent (LU) should see some activity after S&P downgraded the company's debt rating to junk status. Eli Lilly (LLY) backs views. Stock futures flat before data. (TG) (END) DOW JONES NEWS 06-13-01 08:35 AM * end of story *