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

To: stockman_scott who wrote (38063)	6/22/2001 8:13:47 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T -- Shares readying for steady open By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:37 AM ET Jun 22, 2001 NEW YORK (CBS.MW) -- The stock market will be looking for direction Friday, with the futures markets pointing to steadiness at the open as participants continue to ponder a slew of profit warnings, including one from drug giant Merck. September S&P 500 futures shaved 2.00 points, or 0.2 percent, and were trading roughly 4.30 points below fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, slipped 6.00 points, or 0.3 percent. Over in the Treasury arena, prices stayed close to the flat line as investors had little news to chew on and stayed cautious ahead of next week's Fed meeting. The 10-year Treasury note was up 1/32 to yield ($TNX) 5.165 percent while the 30-year government bond added 1/8 to yield ($TYX) 5.62 percent. No economic news is due out Friday. View Economic Preview and economic calendar and forecasts. In the currency arena, dollar/yen shed 0.4 percent to 124.03 while euro/dollar edged down 0.3 percent to 0.8517.