RealTime IT News

Stocks Mixed on Amazon, Jobs Data

Stocks were mixed Friday after Amazon.com's better than expected results and the government's monthly jobs data weren't quite enough to sustain the market's three-day rally.

Amazon's earnings, sales and forward guidance exceeded forecasts, but the company's falling operating margins continued to concern analysts, prompting a Bear Stearns downgrade Friday morning and countering a Piper Jaffray upgrade. Amazon ended the day 3% lower.

January jobs data were no less puzzling, as weaker than expected jobs growth and stronger than anticipated wage growth painted a mixed inflation picture.

CA gained 7% on 4% sales growth and better than expected guidance.

Aviza and Nextest surged after the chip equipment makers reversed year-ago losses. Secure Computing was another big earnings gainer, soaring 30% on its results.

Silicon Motion and Zoran rose on their earnings too.

But Ericsson fell 6% on cautionary comments, and Bookham , Rackable Systems , Occam and SigmaTel fell on their results.

The Nasdaq gained 7 to 2475, the S&P 500 rose 2 to 1448, and the Dow fell 20 to 12,653. Volume declined to 2.53 billion shares on the NYSE, and 1.94 billion on the Nasdaq. Advancers led 18-13 on the NYSE, and 16-13 on the Nasdaq. Upside volume was 55% on the NYSE, and 63% on the Nasdaq. New highs-new lows were 375-13 on the NYSE, and 193-39 on the Nasdaq.