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

To: stockman_scott who wrote (40021)	8/8/2001 8:08:32 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T -- Cisco warning hangs over market By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:43 AM ET Aug 8, 2001 NEW YORK (CBS.MW) -- A revenue warning from Cisco Systems is putting pressure on the futures markets Wednesday, with losses expected across the board. September S&P 500 futures gave up 8.20 points, or 0.7 percent, and were trading about 8.60 points below fair value, according to HL Camp & Co. And Nasdaq futures lost 23.50 points, or 1.4 percent. Cisco Systems (CSCO) saw its shares fall 4.5 percent in pre-market activity. Over in the government bond arena, prices gained some traction ahead of the second leg of the refunding auctions, consisting of $11.0 billion in 10-year notes. The 10-year Treasury note was up 2/32 to yield ($TNX) 5.15 percent while the 30-year government bond added 1/32 to yield ($TYX) 5.595 percent. Due out Wednesday on the economic front: the June wholesale sales numbers and the Fed's Beige Book report on economic conditions. and economic calendar and forecasts. In the currency segment, dollar/yen gave up 0.3 percent to 123.26 while euro/dollar edged down 0.2 percent to 0.8749. --------------------------------------------------------------------------------