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.
rose on positive analyst comments. Intel reports earnings on Tuesday, AMD on Thursday. Intel said its top priority for 2003 is the consumer wireless market.
surged 13% on an outsourcing deal with SBC
fell 6% on a warning and Seagate
lost 12% after reporting its first post-IPO earnings. Infosys
fell 8.6% on its earnings report.
continued to be the subject of negative rumors, falling 4% on the day.
gained 15% on takeover rumors.
surged 30% on an upgrade.
rose 2.3% on a $114 million order.
, up 1.7%, and Research In Motion
may soon form a partnership.
won a couple of rounds in its lawsuit against Liberate.
, up 1.6%, is launching an interactive ad campaign.
Note: The market commentary has moved: The Technical Analysis is now a separate article. Please go directly to the InternetStockReport.com home page at: