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To: Clappy who wrote (27258)	7/31/2000 8:33:01 AM
From: Dealer	Read Replies (1) \| Respond to of 35685

Stocks look to regain their composure Nasdaq futures climb By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:07 AM ET Jul 31, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) - The tech sector is looking to rebound on Monday following a disastrous week that saw the index drop a heady 10.5 percent. September S&P 500 futures rose 3.50 points, or 0.2 percent, and were trading roughly 4.30 points above fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, added 34.00 points, or 1.0 percent. The week will be a lighter on the earnings front. Thus far, 81 percent of the S&P 500 companies reported, First Call said. And all but four Dow companies have unveiled their quarterly results. Earnings growth for the second quarter for S&P 500 companies currently stands at 22.1 percent, according to the earnings compiler. In shares trading before the official start of activity, Nokia (NOK: news, msgs) added 9/16 to 44 3/8 in Instinet, extending Friday's gains. The stock got clobbered on Thursday after the company warned that its third-quarter results will be lower than the second quarter. See Indications. Over in the bond market, prices traded on a mixed note, with the 10-year Treasury note up 2/32 to yield 6.035 and the 30-year bond off 5/32 to yield 5.80 percent. See Bond Report. The week's highlights on the economic front include: June personal income and personal consumption expenditures, the National Association of Purchasing Management Index for July, June new home sales, June construction spending, June factory orders and the July employment report. Monday will see the release of the Chicago Purchasing Managers index for July. View Economic Preview, economic calendar and forecasts and historical economic data. In the currency arena, dollar/yen shed 0.2 percent to 109.31 while euro/dollar edged up 0.2 percent to 0.9252. See latest currency rates. Julie Rannazzisi is markets editor for CBS.MarketWatch.com.