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


To: stockman_scott who wrote (39106)7/17/2001 7:33:34 AM
From: Dealer  Read Replies (3) | Respond to of 65232
 
M A R K E T .. S N A P S H O T -- Are more losses forthcoming?
By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 7:22 AM ET Jul 17, 2001

NEW YORK (CBS.MW) -- Equity investors appear unwilling to step up to the plate as they prepare for Tuesday's onslaught of earnings news.

September S&P 500 futures fell 3.40 points, or 0.3 percent, and were trading about 1.30 points below fair value, according to HL Camp & Co. And Nasdaq futures slipped 12.50 points, or 0.7 percent.

Among shares seeing activity in the pre-market, Novellus Systems (NVLS) slipped $1.87 from Monday's closing level. . The company posted after the close Monday second-quarter earnings of 40 cents a share, in line with the company's expectations. First Call/Thomson Financial had expected earnings-per-share of 39 cents. But revenue was 4 percent below the company's target.

Government issues retreated after witnessing decent gains over the past few trading sessions.

The 10-year Treasury note was off 1/8 to yield ($TNX) 5.19 percent while the 30-year government bond lost 7/32 to yield ($TYX) 5.595 percent.

On Tuesday's economic calendar: June industrial production, seen declining 0.5 percent, which would make it the ninth straight month of declines. Also due out: capacity utilization, seen coming in at 76.9 percent from May's 77.4 percent. View and economic calendar and forecasts.

In the currency segment, dollar/yen inched down 0.2 percent to 125.19 while euro/dollar lost 0.1 percent to 0.8518.



To: stockman_scott who wrote (39106)7/18/2001 2:09:19 AM
From: RR  Read Replies (1) | Respond to of 65232
 
Thanks info Scott. Yep, having great time. Family always enjoys the time out here in Colorado.

I'm not really watching the market that much. Just as well get this expiration week behind us, and some earnings reports out, and then see what the market looks like.

Headed for the east coast tomorrow for several days. Family staying out here. Will be back here next week so won't be on the Porch nearly as much. Will try to check in.

Good luck with the profits!

RR