To: Clappy who wrote (45098 ) 12/13/2001 8:11:58 AM From: Dealer Read Replies (1) | Respond to of 65232 M A R K E T .. S N A P S H O T -- Shares ponder dour corporate news Averages gird for soggy open By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:19 AM ET Dec 13, 2001 NEW YORK (CBS.MW) -- Market participants have a wave of corporate layoffs to ponder on Thursday, a reminder that the economy remains on shaky footing. Aetna joined McGraw-Hill and Applied Materials in announcing deep job cuts. On Wednesday, the stock averages managed a late-day comeback in the face of profit warnings from two Dow components after spending the bulk of the trading day in negative terrain. The week's most pivotal economic indicator is on Thursday's calendar: November retail sales, which is expected to fall 2.9 percent and inch up 0.1 percent excluding the volatile autos component. Also due out: the November producer price index, seen declining 0.3 percent overall and rising 0.1 percent at the core; and weekly jobless claims, expected to come in at 474,000. Check economic calendar and forecasts. Checking action in the futures markets, the December S&P 500 contract gave back 4.80 points, or 0.4 percent, and was trading about 2.60 points below fair value, according to HL Camp & Co. Nasdaq futures faltered 9.50 points, or 0.6 percent and the Dow Jones Indicative Index slumped 4 points to 9,890. Long-dated government bond prices kept going, rising for a fourth straight session. But short issues wavered a tad, registering tiny losses out of the chute. The 10-year Treasury note ascended 2/32 to yield ($TNX) 5.00 percent while the 30-year government bond advanced 7/32 to yield ($TYX) 5.45 percent. In the currency sector, the dollar sprinted 0.4 percent to 126.48 yen while the euro added 0.1 percent to 89.74 cents.