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

To: Sully- who wrote (43277)	10/16/2001 8:32:57 AM
From: Dealer	Read Replies (3) \| Respond to of 65232

M A R K E T .. S N A P S H O T -- Stock indexes look to gain traction Earnings floodgates open on Tuesday By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:25 AM ET Oct 16, 2001 NEW YORK (CBS.MW) -- The stock indexes are heading for a better start Tuesday after enjoying a late-day bout of buying on Monday that allowed the Dow Industrials to cross the finish line in positive terrain. The earnings floodgates will open Tuesday, with companies from all sectors reporting their results and handing investors cues as to the outlook for future quarters, when the economy is expected to show signs of recovery. Tech bellwethers Intel and IBM are set to report after the close. December S&P 500 futures rose 4.10 points, or 0.4 percent, and were trading about 4.00 points above fair value, according to HL Camp & Co. And Nasdaq futures piled on 15.00 points, or 1.1 percent. The Dow Jones Indicative Index, meanwhile, edged up 2 points to 9,349. Among shares trading ahead of the official open, Cisco Systems (CSCO) traded on light volume at $17.20 in Instinet, a hefty gain over Monday's close at $16.21. Treasury issues were a touch lower in early action, taking their cues from expected movements in the stock market. The 10-year Treasury note was off 2/32 to yield ($TNX) 4.61 percent while the 30-year government bond receded 5/32 to yield ($TYX) 5.38 percent. Checking the economic calendar, Tuesday will see the release of September industrial production, expected to have fallen 0.8 percent, and capacity utilization, seen coming in at 75.4 percent. and check economic calendar and forecasts. In the currency sector, the dollar put on 0.6 percent to 121.50 yen while the euro gave back 0.4 percent to 90.45 cents. Stock indexes look to gain traction Earnings floodgates open on Tuesday By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:25 AM ET Oct 16, 2001 NEW YORK (CBS.MW) -- The stock indexes are heading for a better start Tuesday after enjoying a late-day bout of buying on Monday that allowed the Dow Industrials to cross the finish line in positive terrain. The earnings floodgates will open Tuesday, with companies from all sectors reporting their results and handing investors cues as to the outlook for future quarters, when the economy is expected to show signs of recovery. Tech bellwethers Intel and IBM are set to report after the close. December S&P 500 futures rose 4.10 points, or 0.4 percent, and were trading about 4.00 points above fair value, according to HL Camp & Co. And Nasdaq futures piled on 15.00 points, or 1.1 percent. The Dow Jones Indicative Index, meanwhile, edged up 2 points to 9,349. Among shares trading ahead of the official open, Cisco Systems (CSCO) traded on light volume at $17.20 in Instinet, a hefty gain over Monday's close at $16.21. Treasury issues were a touch lower in early action, taking their cues from expected movements in the stock market. The 10-year Treasury note was off 2/32 to yield ($TNX) 4.61 percent while the 30-year government bond receded 5/32 to yield ($TYX) 5.38 percent. Checking the economic calendar, Tuesday will see the release of September industrial production, expected to have fallen 0.8 percent, and capacity utilization, seen coming in at 75.4 percent. and check economic calendar and forecasts. In the currency sector, the dollar put on 0.6 percent to 121.50 yen while the euro gave back 0.4 percent to 90.45 cents.