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

To: stockman_scott who wrote (40504)	8/23/2001 8:08:49 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

M A R K E T .. S N A P S H O T -- Setting up for a setback? Stocks look to give back some gains By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:25 AM ET Aug 23, 2001 NEW YORK (CBS.MW) -- Stock prices are poised for some losses at the open Thursday after a late-day rally on Wednesday that gave the Dow Industrials a triple-digit gain and the Nasdaq a near 2-percent advance. September S&P 500 futures gave up 3.30 points, or 0.3 percent, and were trading about 4.00 points below fair value, according to HL Camp & Co. And Nasdaq futures lost 5.00 points, or 0.3 percent. Among shares trading before the opening bell, Intel (INTC) slipped 16 cents to $27.80, according to market makers at Madoff Securities. The chip bellwether rose heartily on Wednesday -- mirroring steep advances in the semiconductor group -- and was the Dow's best performer. Government bond prices were a sliver higher in early action. The 10-year Treasury note was up 5/32 to yield ($TNX) 4.885 percent while the 30-year government bond added 2/32 to yield ($TYX) 5.43 percent. On the economic front, Thursday will see the release of weekly initial claims as well as the minutes of the June 26-27 FOMC meeting. and economic calendar and forecasts. In the currency sector, the dollar added 0.1 percent to 120.42 yen while euro/dollar edged down 0.3 percent to 91.02 cents.