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CNN Live At Daybreak

Investors May Pull Back After Yesterday's Strong Gain

Aired November 20, 2001 - 06:12   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
DEBORAH MARCHINI, CNN FINANCIAL NEWS CORRESPONDENT: I'm Deborah Marchini at the CNN Financial News Desk with this preview of the trading day.

Stock index futures suggest investors may pull back after yesterday's strong gain. The Dow industrials rose 109 points, bringing the average into the technical definition of a bull market -- up more than 20 percent off its recent low. It now stands at 9976, within striking distance of the 10000 mark. The Nasdaq jumped nearly 2 percent.

Investors will be watching for any positive signs from the retail sector today, as several major chains report third quarter earnings. Target, Intimate Brands, The Limited and Staples are among the companies expected to post results.

There is also some economic data on the agenda. At 8:30 Eastern, the Commerce Department releases September's trade figures. They are expected to show a deficit of $26.6 billion. That's an improvement compared to 27.1 billion in August. Analysts warn there could be significant distortions as a result of September 11.

And at 10:00 a.m. Eastern, we get the leading economic indicators for October, designed to forecast future economic activity. Wall Street is expecting the index to come in unchanged from the previous rating.

That's a quick check of business news -- now back to Donna in Atlanta.

DONNA KELLEY, CNN ANCHOR: Deborah, thank you very much. We'll see you shortly.

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