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To: Boplicity who wrote (3471)	9/4/2001 8:19:38 AM
From: Dealer	Read Replies (1) \| Respond to of 13815

M A R K E T .. S N A P S H O T -- Merger news to stoke U.S. stocks By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:41 AM ET Sep 4, 2001 NEW YORK (CBS.MW) -- Merger news in the PC sector is likely to stoke tech stocks Tuesday, with the futures markets signaling that buyers have the upper hand. September S&P 500 futures gained 10.20 points, or 0.9 percent, and were trading about 4.40 points above fair value, according to HL Camp & Co. And Nasdaq futures tacked on 30.50 points, or 2.1 percent. Dow company Hewlett-Packard (HWP) announced late Monday that it's snaring rival Compaq Computer (CPQ) in an all-stock transaction worth around $25 billion. Compaq saw its shares swell 10 percent in the pre-market and the announced deal pushed other box makers higher in tandem. Treasury prices retreated on expected strength in the stock market. The 10-year Treasury note was off 1/32 to yield ($TNX) 4.85 percent while the 30-year government bond shaved 6/32 to yield ($TYX) 5.385 percent. Investors will have a gaggle of key economic reports to ponder this week. Due out Tuesday: the August National Association of Purchasing Management Index, expected to show an increase to 43.9 percent from July's 43.6 percent, and July construction spending. And the week's kingpin -- the employment report for August -- will hit the wires on Friday. Read and economic calendar and forecasts. In the currency sector, the dollar put on 0.5 percent to 119.30 yen while the euro slid 1.1 percent to 89.80 cents.