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To: Dealer who wrote (28755)	8/14/2000 9:16:17 AM
From: Dealer	Respond to of 35685

MARKET SNAPSHOT Stocks poised to head higher By Steve Gelsi, CBS.MarketWatch.com Last Update: 8:44 AM ET Aug 14, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) - Stocks appear to be headed higher Monday as futures inched up. September S&P futures (WP=U0: news, msgs) tacked on 2.90 to 1,481.40. That was about 1 3/4 points above fair value, according to figures provided by HL Camp & Company. Nasdaq 100 futures (AH=U0: news, msgs) moved 16.50 higher to 1,680.00. Investors are pondering whether the optimism will continue following the Dow's strong performance last week. Observers also say it won't be an easy task to get the stimuli needed to propel the Nasdaq, which has been soft. The market is entering an information vacuum with the second-quarter earnings season just about wrapped up and less emphasis on the economic numbers now that the market is convinced the Fed won't raise rates at the Aug. 22 FOMC meeting. Consumer spending, as indicated by Friday's retail sales data, remains healthy. A total of 25 S&P 500 companies are set to release their quarterly results this week, First Call said. Reports from Hewlett-Packard (HWP: news, msgs) and Home Depot (HD: news, msgs) will conclude the current quarter's earnings season for Dow companies. Network Appliance, Lycos, Analog Devices, BEA Systems, Target, JC Penney, Kohl's, Deere, Estee Lauder, Tiffany, News Corp., Staples and Agilent Technologies will also report this week. The highlights of the week's data docket include: July industrial production and capacity utilization, the July consumer price index, July housing starts, building permits and the trade figures for June. Steve Gelsi is a reporter for CBS.MarketWatch.com.