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

To: Dealer who wrote (43781)	11/1/2001 8:21:02 AM
From: Dealer	Respond to of 65232

M A R K E T .. S N A P S H O T -- Markets look to Microsoft for support By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:58 AM ET Nov 1, 2001 NEW YORK (CBS.MW) -- The tech sector is looking to extend gains on Thursday as Microsoft shares find support in the pre-open on talk that a tentative agreement to settle the landmark antitrust case against the software giant had been reached with the government. The Associated Press reported late Wednesday that an agreement to settle the case against Microsoft (MSFT) had been reached and that the 18 states also trying the case were reviewing the terms of the deal. The details of the proposed settlement were not revealed and people close to the negotiations cautioned that precise language was still being worked out even between Microsoft and the Justice Department. Microsoft shares climbed $1.15 to $59.30 in pre-open activity. Checking the futures market, the December S&P 500 futures gave up 2.40 points and were trading about 2.90 points below fair value, according to HL Camp & Co. And Nasdaq futures rose 10.00 points and were trading about 10 points above fair value. In the fixed-income arena, the long bond again checked in with massive gains after the Treasury startled markets on Wednesday with its decision to eliminate the sale of the 30-year. The 10-year Treasury note was up 1/4 to yield ($TNX) 4.20 percent while the 30-year government bond climbed 1 13/32 to yield ($TYX) 4.785 percent. Thursday will see a slew of data released: weekly initial claims, September construction spending, September personal income and spending figures and the October NAPM index. Check economic calendar and forecasts. In the currency sector, the dollar eased 0.6 percent to 121.79 yen while the euro rallied 0.9 percent to 90.88 cents.