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

To: stockman_scott who wrote (43580)	10/25/2001 7:49:32 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T -- Weakness emerging at the open By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:44 AM ET Oct 25, 2001 NEW YORK (CBS.MW) -- Some weakness is emerging at the open Thursday after an extremely positive session for big-cap tech stocks Wednesday. December S&P 500 futures gave up 2.90 points, or 0.3 percent, and were trading about 5.10 points below fair value, according to HL Camp & Co. And Nasdaq futures lost 11.50 points, or 0.8 percent while the Dow Jones Indicative Index erased 1 point to 9,344. Among shares trading before the official opening bell, BroadVision (BVSN) edged up 3 cents to $2.36, according to Madoff Securities in Europe. The company said late Wednesday that it sees its sales stabilizing and expects cost-cutting initiatives to keep a lid on losses. The Treasury sector continued to ascend, riding the coattails of a successful 2-year note auction Wednesday and a buyback of long-term issues Thursday morning. The 10-year Treasury note climbed 1/8 to yield ($TNX) 4.58 percent while the 30-year government bond climbed 9/32 to yield ($TYX) 5.32 percent. Thursday will see the release of a litany of economic news: Weekly initial claims, September durable goods orders, expected to decline 1.1 percent, September existing home sales, seen coming in at 5.19 million, and the third-quarter employment cost index, expected to have risen by 0.9 percent. Check out economic calendar and forecasts. In the currency sector, the dollar ascended 0.3 percent to 123.10 yen while the euro gave back 0.3 percent to 89.06 cents. Investors are currently awaiting the European Central Bank's decision on short-term rates early Thursday. --------------------------------------------------------------------------------