Traders came to their desks this morning expecting the market to shrug off the latest piece of Greenspeak.

But then

January durable goods orders

came in at 3.6%, sharply higher than the 1% that economists had expected. Not exactly a helpful number for traders trying to get over their Greenspan-induced jitters. Early indicators, however, were that stocks still might trade higher in the morning.

The 30-year Treasury bond is down 3/32 at 97 31/32, driving the yield to 6.78%. The

S&P 500

futures are up 2.10.

In the wake of yesterday's merger announcement

US Robotics


is set to open higher. Its stock is trading on


at 68 1/4, up 7 1/4.



is trading at 39 3/4, up 3/4.



WCOM) reported fourth-quarter earnings of 29 cents per share, excluding charges. That's two cents higher than

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First Call



(GPS) - Get Gap, Inc. (GPS) Report

posted fourth-quarter earnings of 13 cents per share, a penny shy of First Call estimates. The company said that European profits were hurt by the strong dollar.

In light trading, the


edged back over 19,000 to close up 30.64 at 19,021.56. No fear of Greenspan in Tokyo -- some analysts believe that a Fed tightening would be


for Japan, as big investors would move their money abroad. The

Hang Seng

also moved slightly higher to close up 4.77 at 13,546.60.

It's not just the Asian markets that are ignoring Greenspan. Stocks are higher in Europe as well. London is in the midst of earnings season, so it isn't surprising that traders are concentrating more on what's going on at home. The


is at 4337.49, up 8.10. In Frankfurt, the strong dollar is helping maintain the positive sentiment. The


climbed 38.85 to 3276.72, a new record.

By Justin Lahart