A strong rally on better than expected retail sales and consumer sentiment faded on Friday, as the market ended the day in the red.
The Nasdaq lost 6 to 1358, the S&P 500 fell 3 to 868, and the Dow declined 17 to 8203. Volume declined to 1.13 billion shares on the NYSE, and 1.22 billion on the Nasdaq. Advancers led by exactly one share on the NYSE, while decliners led 16-14 on the Nasdaq. Downside volume was 50% on the NYSE, and 55% on the Nasdaq. New highs-new lows were 69-26 on the NYSE, and 86-44 on the Nasdaq.
rocketed on better than expected earnings, and Juniper
also gained on better than expected results.
lost 1.7% despite a $3 billion contract win.
slipped 1.6% after suing Lucent
fell 8% on reports that it may acquire Vivendi’s Universal Music Group. Apple also patched seven critical flaws.
was unchanged on news of layoffs.
, off 2.8%, is testing video messaging.
, down 0.7%, is pushing WiFi with Boingo.
And Deutsche Bank analysts said the chip sector faces significant risks.
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