Stocks Mixed On Mixed News

A stronger than expected manufacturing report boosted blue chips on Friday, but tech stocks slipped on a warning from Applied Materials.

The Nasdaq declined 1 to 1320, the S&P 500 rose 11 to 855, and the Dow gained 108 to 8053. Volume rose to 1.51 billion shares on the NYSE, and 1.58 billion on the Nasdaq. Advancers led 23-9 on the NYSE, and 18-13 on the Nasdaq. Upside volume was 74% on the NYSE, and 39% on the Nasdaq. New highs-new lows were 52-53 on the NYSE, and 42-89 on the Nasdaq.

Applied Materials fell 7.6% on a warning.

Cisco lost 3.6% ahead of the company’s earnings report on Tuesday.

Rambus surged another 23%, for a more than 100% gain since Wednesday’s court victory.

HP , off 4.3%, announced that it will shutter a plant.

MicroStrategy soared 29% on better than expected results, but Websense plunged 25% on its earnings report. Digital Insight gained on its earnings, but NetIQ , GlobeSpan Virata , Cray , and Commerce One fell on their reports.

QLogic lost 5.8% on negative comments from Merrill Lynch.

eBay rose 1.4% after boosting its auto sales business.

Microsoft declined 1.6% on reports of a slowdown in Xbox sales.

Texas Instruments and ST Microelectronics gained after Nokia said it would support a standard the firms started.

IBM , off 0.1%, and EMC , up 2.4%, plan competing storage announcements for Monday.

AMD , up 1.4%, delayed some product releases.

Agilent , up 2.1%, announced an acquisition.

Lucent , off 3.1%, scored an Australian deal.

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