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

To: Dealer who wrote (43686)	10/30/2001 8:06:57 AM
From: Dealer	Respond to of 65232

M O R N I N G .. S N A P S H O T -- Shares under more pressure By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:57 AM ET Oct 30, 2001 NEW YORK (CBS.MW) -- Investors look ready to push shares lower for a second session Tuesday ahead of key economic data this week, which will encompass the full effects of the Sept. 11 terrorist attacks. December S&P 500 futures gave up 3.30 points, or 0.3 percent, and were trading a hefty 10.20 points below fair value, according to HL Camp & Co. Nasdaq futures lost 16.00 points, or 1.2 percent and the Dow Jones Indicative Index erased 39 points, or 0.4 percent, to 9,229. Treasury prices lifted, gaining traction from expected weakness in the stock market as well as anticipation that soggy economic reports will prompt more Fed rate cuts. The 10-year Treasury note was up 6/32 to yield ($TNX) 4.45 percent while the 30-year government bond climbed 1/4 to yield ($TYX) 5.24 percent. A key economic report will be out Tuesday: October consumer confidence. A survey of economists conducted by CBS MarketWatch.com sees confidence at 95.9, down from 97.6 in September. Check economic calendar and forecasts. In the currency sector, the dollar edged down 0.1 percent to 121.73 yen while the euro added 0.2 percent to 90.61 cents.