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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 166.81-4.1%3:59 PM EST

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To: Tony Viola who wrote (64550)1/26/2000 3:29:00 PM
From: T L Comiskey  Read Replies (2) of 152472
 
Wednesday January 26, 2:59 pm Eastern Time

U.S. stocks stay mixed in late action after Greenspan

(updates to late afternoon)

NEW YORK, Jan 26 (Reuters) - U.S. stocks stayed mixed in late trading on Wednesday after Federal Reserve Chairman Alan
Greenspan, whose comments are watched for clues on interest rates, said the Fed's challenge was to avoid potential inflationary
imbalances.

Greenspan, appearing before the Senate Banking Committee, which is considering his reappointment as chairman, made no
reference to the immediate outlook for interest rates.

Investors are increasingly betting on at least a 25-basis point increase in borrowing costs when the Fed's interest rate-setting
committee meets next week.

``So far so good about what Greenspan is saying,' said Charles Payne, head analyst, of Wall Street Strategies. ``I think the Street wants to send a message to
him: 'We want to trade higher. Don't hurt us.'

The Dow Jones industrial average (^DJI - news) was up 40.95 points, or 0.37 percent at 11070.84. The broader Standard & Poor's 500 Index (^SPX - news)
was down 1.09 points, or 0.08 percent at 1408.94.
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