Bulls Take A Break

Stocks paused on Friday to digest Thursday’s big gains.

The Nasdaq gained 2 to 1387, the S&P 500 slipped half a point to 908, and the Dow lost 5 to 8601. Volume declined to 1.12 billion shares on the NYSE, and 1.15 billion on the Nasdaq. Advancers led 17 to 14 on the NYSE, but decliners led 16-15 on the Nasdaq. Upside volume was 48% on the NYSE, and 61% on the Nasdaq. New highs-new lows were 69-10 on the NYSE, and 71-14 on the Nasdaq.

Apple rose fractionally ahead of next week’s Macworld conference.

WiFi pureplay GRIC gained 13.8%, while Intersil slipped on the day. WiFi is one of top ten technology trends for 2003 compiled by internet.com editors.

Eastman Kodak , up 4.4%, could do better in the digital age than some think, according to a Deutsche Bank analyst. The stock was the Dow’s biggest gainer last year, up 19%.

Sun , up 5%, is pulling the plug on its MySun free email service.

TiVo , up 5.6%, is collaborating on a movie with Best Buy .

IBM , up 1.3%, is working on a modular storage system.

BroadVision gained 22% on a takeover rumor.

Adtran , University of Phoenix Online and Rediff.com hit new 52-week highs.

Integrated Circuit rose 7% after beating estimates.

Advent gained 5.5% despite warning.

Riverstone won shareholder approval to acquire Pipal Systems.

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