Stocks posted only modest gains Friday despite better than expected consumer confidence and economic reports, as traders turned their focus to a UN Security Council meeting on Saturday.
The Nasdaq rose 13 to 1337, the S&P 500 gained 3 to 841, and the Dow added 6 to 7891. Volume rose to 1.3 billion shares on the NYSE, and 1.34 billion on the Nasdaq. Advancers led 19-12 on the NYSE, and 16-15 on the Nasdaq. Upside volume was 63% on the NYSE, and 74% on the Nasdaq. New highs-new lows were 73-42 on the NYSE, and 80-68 on the Nasdaq.
Symantec plunged 14.6% on a warning. Partner Digital River
dropped 10% on the news.
Palm lost 11.2% on news of job cuts.
AOL rose 5.4% on news of a new CFO.
Intel gained 3.6% after Lehman Brothers raised estimates.
Novellus slipped 0.9% after reiterating guidance. Marvell
gained 5.6% after matching estimates and maintaining guidance. Novell
fell 15.6% on its results.
Microtune fell 3.2% after filing antitrust claims against Broadcom
, which gained 1.8%.
Microsoft , up 0.5%, said it will allow the Chinese government access to Windows source code. The company also plans to tweak its licensing program.
IBM , up 0.9%, won an outsourcing contract.
Motorola rose 1.7% on news that its takeover bid of Next Level
can proceed.
Yahoo rose 3.8% to a new 52-week high.
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