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

To: Dealer who wrote (43729)	10/31/2001 7:54:32 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T -- Markets looking for a catalyst By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:45 AM ET Oct 31, 2001 NEW YORK (CBS.MW) -- Can the market look past the ghost of recession? That's what investors are wondering as they prepare to view the first negative gross domestic product reading since 1993 Wednesday morning. Third-quarter GDP is expected to have declined by 1 percent, according to a survey of economists surveyed by CBS MarketWatch.com. . The futures markets, meanwhile, pointed to a mixed open after two sessions of heavy selling pressure. The December S&P 500 contract edged up 1.00 point, or 0.1 percent, and was still trading about 1.10 points below fair value, according to HL Camp & Co. Nasdaq futures climbed 11.00 points, or 0.8 percent, while the Dow Jones Indicative Index erased 3 points to 9,118. Government bond prices took a break after staging a significant run-up in recent sessions on expectations that the Fed will continue to be aggressive when it meets next week. The 10-year Treasury note erased 6/32 to yield ($TNX) 4.43 percent while the 30-year government bond lost 11/32 to yield ($TYX) 5.225 percent. The Chicago Purchasing Managers Index for October will also be out Tuesday morning. Check economic calendar and forecasts. In the currency segment, the dollar edged down 0.1 percent to 122.02 yen while the euro lost 0.1 percent to 90.42 cents.