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To: 2MAR$ who wrote (5536)	7/13/2001 8:53:09 AM
From: 2MAR$	Read Replies (2) \| Respond to of 208838

- PPI, retail data to weight on stocks NEW YORK, July 13 (Reuters) - U.S. stocks are expected to come under pressure after fresh data showed inflation at the wholesale level came in below market expectations coupled with weak retail sales last month. Immediately after the data were releases, stock-index futures, which had ben unchanged, fell slightly. According to the U.S. Labor Department, the overall producer price index fell 0.4 percent, while the core PPI, which excludes food and energy components, rose 0.1 percent. Economists polled by Reuters expected the overall PPI to slip 0.1 percent after a 0.1 percent gain in May. The core PPIwas forecast to rise 0.1 percent after posting a 0.2 percent increase in May. Retail sales rose 0.2 percent versus and expected rise of 0.3 percent. Excluding auto sales, retail sales fell 0.2 percent, against an expected rise of 0.2 percent. The following are market strategists comments on the data: EUGENE PROFIT, PORTFOLIO MANAGER WITH PROFIT INVESTMENT MANAGEMENT LLC, IN SILVER SPRING, MARYLAND, WHICH OVERSEES $110 MILLION. -- "I think that actually it's a negative for for market. It was generally expected that the consumer would lead us out of the economic downturn, but this begins to show the consumer is cracking. "It will be important to see consumer sentiment at 10 am. If we had not had Microsoft's news we would not have rallied yesterday. "The futures have gone down pretty quickly. The only positive is this gives the Fed more room to lower rates." REUTERS * end of story *