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

To: Sully- who wrote (38515)	7/3/2001 7:55:34 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T -- Investors display caution Profit warnings mount By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:22 AM ET Jul 3, 2001 NEW YORK (CBS.MW) -- With a load of profit warnings on their plate, market participants are displaying a cautious stance Tuesday. September S&P 500 futures slid 1.10 points, or 0.1 percent, but were trading about 1.00 point above fair value, according to numbers provided by HL Camp & Co. Nasdaq futures, meanwhile, dipped 8.50 points, or 0.5 percent. Treasury issues took a break after staging an impressive rally Monday. The 10-year Treasury note was recently off 7/32 to yield ($TNX) 5.35 percent while the 30-year government bond shaved 11/32 to yield ($TYX) 5.71 percent. In economic news, Tuesday will see the release of May factory orders, which are seen climbing 1.4 percent according to a survey of economists conducted by CBS MarketWatch.com. View and economic calendar and forecasts. In the currency arena, dollar/yen slipped 0.1 percent to 124.02 while euro/dollar edged up 0.1 percent to 0.8471.