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

To: stockman_scott who wrote (40646)	8/28/2001 8:03:07 AM
From: Dealer	Read Replies (2) \| Respond to of 65232

M A R K E T .. S N A P S H O T -- Share poised for some modest upside By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:59 AM ET Aug 28, 2001 NEW YORK (CBS.MW) -- Investors may push shares a sliver higher once trading begins Tuesday in what promises to be another quiet trading day. But the release of one of the week's most pivotal economic reports - the August consumer confidence index -- may knock the market out of its doldrums. A survey of economists conducted by CBS MarketWatch.com expects a 117.0 reading, up slightly from the 116.5 posted in July. Read and check economic calendar and forecasts. Glancing at the futures markets, September S&P 500 futures traded close to flat levels, giving up 0.50 point and trading about 1.50 points above fair value, according to HL Camp & Co. Nasdaq futures lost 9.00 points, or 0.6 percent. In shares trading before the opening bell, Lucent Technologies (LU) traded at $7.35 on Instinet, up 2 cents from Monday's levels. And Cisco Systems (CSCO) was down a penny at $18. Treasury issues notched some gains right out of the chute, with the buying interest spread across the yield curve. The 10-year Treasury note was up 2/32 to yield ($TNX) 4.92 percent while the 30-year government bond added 3/32 to yield ($TYX) 5.455 percent. In the currency sector, the dollar put on 0.4 percent to 120.31 yen while the euro slid 0.9 percent to 90.36 cents. The unemployment rate in Japan hit a record high of 5 percent in July, up from June's 4.9 percent. "The current employment and jobless situation is increasing in severity, leading to the record unemployment rate," the Ministry of Public Management said. --------------------------------------------------------------------------------