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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Sonny Bui who wrote (32501)	2/24/2000 8:56:00 AM
From: Mark Duper	Respond to of 77400

Durable goods orders less than expected: Market Snapshot Stocks may see modest gains Bond prices in mild advance By Julie Rannazzisi, CBS MarketWatch Last Update: 8:41 AM ET Feb 24, 2000 Market Pulse Bond Report NEW YORK (CBS.MW) -- U.S. stocks are primed for some gains at the start of trading Thursday while bond prices post mild gains following Wednesday's sell-off. March S&P 500 futures rose 2.00 points, or 0.3 percent, and were trading about 2.20 points above fair value, according to HL Camp & Co. Nasdaq futures for March rose 12.50 points, or 0.3 percent. In shares trading before the opening bell, Qualcomm (QCOM: news, msgs) shares shed 4 1/2 to 142 3/8, according to Madoff Investment Securities, as China said it would postpone indefinitely the deployment of a mobile communications network. China Unicom, the country's second largest phone company, announced last week that it would build a mobile network using CDMA technology licensed from Qualcomm. See Indications. Schering-Plough (SGP: news, msgs) announced its earnings outlook for 2000 and said that in light of the current stock price, the company's share repurchase program has been accelerated and should be completed in the first quarter. Earnings per share for the year are projected to be in line with the current Wall Street estimate of $1.64 for the year. Shares ended off 1/8 to 37 5/8 on Wednesday. In earnings news, J.C. Penney reported a fourth-quarter profit from operations of 45 cents a share vs. the First Call estimate of 47 cents per share. Shares (JCP: news, msgs) shed 1/8 to 16 7/8 on Wednesday. Meanwhile, the Gap (GPS: news, msgs) post fourth-quarter earnings of 47 cents a share compared to the First Call estimate of 45 cents a share. The stock ended off 1 3/4 to 42 15/16. In the bond market, prices were a sliver higher across the board though their cues are likely to be taken by the direction of stocks with no major data on tap until Friday's gross domestic product release. The 30-year bond rose 6/32 to yield 6.103 percent. Thursday's economic docket included the release of weekly initial claims, which fell 7,000 to 278,000, and January durable goods orders, which declined 1.3 percent, a touch less than the expected drop of 1.5 percent. View economic calendar and forecasts and historical economic data. Sup.