DEBORAH MARCHINI, CNN ANCHOR: The end of October brought with it the last day of tax selling season for fund managers. November and December are traditionally strong months for techs.</s>DAVID HAFFENREFFER. CNN ANCHOR: Yes, we'll have to see. So on this first of November now, we ask Sasha Salama at the Nasdaq marketsite what is coming up this coming month, Sasha?</s>SASHA SALAMA, CNN CORRESPONDENT: Well, David and Deb, first of all, the Nasdaq 100 futures are pointing to a slight bit of profit- taking here if they hold till the open of trade. After yesterday's impressive rally, what does the future hold? Well, the bulls are hoping that signs of a rebound in some of the key sectors of this market will bode well for a lasting recovery. We saw a rebound in the optical equipment stocks, which were so badly battered last week, as well as the Internet infrastructure stocks. Cisco back above the key support level of 50, rallying an impressive 12 percent, the market analysts say went from being overvalued to being quite attractively valued in the month of October, losing more than 8 percent of its value. And amid great volatility, the Nasdaq also posting its three biggest percentage gains ever. As for the election next week, this market has not discounted a victory for either candidate. A very tight race and the market is, though, focused on the fact that the U.S. economy is showing signs of a slowdown, most recently in those GDP and consumer confidence reports. Some analysts are also saying that key reports in the next couple of weeks could confirm a recovery trend. We're getting results from Cisco as well as Dell and Applied Materials. So if those results come in strong, and if the guidance for the future is strong as well, that could really pump up a sustainable rally for this market -- David and Deb.</s>MARCHINI: All right, thank you, Sasha.
Nasdaq 100 Futures Pointing to Bit of Profit-Taking; Wall Street Eyes Signs of Economic Slowdown