Buying the dip returned on Friday, as stocks managed to finish up despite the worst unemployment report in a year and North Korea’s withdrawal from the Nuclear Nonproliferation Treaty.
The Nasdaq gained 9 to 1447, the S&P 500 was unchanged at 927, and the Dow tacked on 8 to 8784. Volume declined to 1.48 billion shares on the NYSE, and 1.66 billion on the Nasdaq. Advancers led 16-15 on the NYSE, and 17-14 on the Nasdaq. Upside volume was 57% on the NYSE, and 74% on the Nasdaq. New highs-new lows were 91-18 on the NYSE, and 82-22 on the Nasdaq.
Homestoresurged 40% after settling a dispute with AOL, which gained 3.8%. AOL named a new branding executive.
AMDand Intelrose on positive analyst comments. Intel reports earnings on Tuesday, AMD on Thursday. Intel said its top priority for 2003 is the consumer wireless market.
Amdocssurged 13% on an outsourcing deal with SBC.
Lexmarkfell 6% on a warning and Seagatelost 12% after reporting its first post-IPO earnings. Infosysfell 8.6% on its earnings report.
Dellcontinued to be the subject of negative rumors, falling 4% on the day.
Interwovengained 15% on takeover rumors.
Kanasurged 30% on an upgrade.
UTStarcomrose 2.3% on a $114 million order.
Handspring, up 1.7%, and Research In Motionmay soon form a partnership.
OpenTVwon a couple of rounds in its lawsuit against Liberate.
Coca-Cola, up 1.6%, is launching an interactive ad campaign.
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