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

To: Dealer who wrote (42566)	9/27/2001 7:57:25 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

M A R K E T .. S N A P S H O T -- Buyers look for another chance By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:45 AM ET Sep 27, 2001 NEW YORK (CBS.MW) -- Buyers are looking to take control once again on Thursday after sellers had the upper hand Wednesday. The futures markets are pointing to a solid open. The December S&P 500 contract climbed 3.30 points, or 0.3 percent, and was trading a lofty about 7.60 points below fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, ascended 5.00 points, or 0.4 percent. Among shares trading before the official opening bell, Intel (INTC) gained 10 cents to $21. The semis were the market's sore spot on Wednesday, undermined by a profit miss from Micron Technology. The Philly Semiconductor Index ($SOX) fell to two-and-a-half year lows Wednesday, shedding nearly 8 percent. In the Treasury sector, prices added to Wednesday's gains, with most of the buying interest again concentrated in the long end. On Wednesday, the long bond rallied almost a point while the front end gained traction after a successful 2-year note auction. In recent trading, the 10-year Treasury note was up 1/32 to yield ($TNX) 4.62 percent while the 30-year government bond added 1/4 to yield ($TYX) 5.48 percent. On the economic front, investors will zero in on August durable goods orders, seen falling 0.9 percent, and August new home sales, expected to come in at 924,000. Weekly jobless claims will also be out. Read and check economic calendar and forecasts. In the currency sector, the dollar rallied against the major currencies. The greenback jumped 1.2 percent to 119.21 yen while the euro gave back 0.3 percent to 92.05 cents.