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

To: Dealer who wrote (38689)	7/9/2001 7:46:51 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T -- More losses in store for stocks By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:37 AM ET Jul 9, 2001 NEW YORK (CBS.MW) -- The equity market may face another challenging week, with the futures markets pointing to more losses for shares once trading commences Monday. Brutal profit warnings from a number of tech bellwethers dogged the broad market last week, sending the Nasdaq lower for four straight trading sessions and the Dow Industrials down for three consecutive days. September S&P 500 futures added 0.50 point but were trading roughly 2.90 points below fair value, according to HL Camp & Co. Nasdaq futures edged up 0.50 point as well. With the warnings season winding down, harried investors are hoping that shares can gain their footing now that most of the bad news is already out in the open. Treasury prices declined modestly, with the 10-year Treasury note off 1/8 to yield ($TNX) 5.37 percent while the 30-year government bond lost 5/32 to yield ($TYX) 5.74 percent. Economic news will take a backseat for most of the week, with little in the way of market-moving reports to entice investors until Friday. Monday will see the second-tier release of May consumer credit, due out in the afternoon. Also on tap for the week: May wholesale inventories, weekly initial claims, the June producer price index and June retail sales. View and economic calendar and forecasts. In the currency segment, dollar/yen shed 0.2 percent to 125.57 while euro/dollar edged down 0.2 percent to 0.8453. --------------------------------------------------------------------------------