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Re: Foxlette post# 98

Friday, 03/01/2002 8:53:10 AM

Friday, March 01, 2002 8:53:10 AM

Post# of 133
NEW YORK (CBS.MW) -- Stocks are set to gain some yardage once the opening bell sounds on Friday with investors ready to scrutinize a host of important economic reports.

Among the numbers on tap: the February Institute of Supply Management Index, January construction spending, January personal income and spending figures and the final reading on the February Michigan consumer sentiment index.

The futures markets registered gains, suggesting respectable upside at the open for both the tech sector and broader market.

The March S&P 500 contract rose 4.10 points, or 0.4 percent, and was trading around 4.20 points above fair value, according to HL Camp & Co. And Nasdaq futures gained 7.50 points, or 0.6 percent and were trading 7.10 points ahead of fair value.

Government bond prices slipped across the maturity spectrum.

The 10-year Treasury note was off 5/32 to yield 4.89 percent while the 30-year government bond erased 6/32 to yield 5.43 percent.

In the currency sector, the dollar edged up 0.1 percent to 133.37 yen while the euro lost 0.2 percent to 86.75 cents.


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