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Stocks were mixed Friday after Amazon.com's better than expected results and the government's monthly jobs data weren't quite enough to sustain the market's three-day rally.
Amazon's earnings, sales and forward guidance exceeded forecasts, but the company's falling operating margins continued to concern analysts, prompting a Bear Stearns downgrade Friday morning and countering a Piper Jaffray upgrade. Amazon ended the day 3% lower. Amazon Kindle E-Book reader reviews - CNET Reviews:: connects to a data service (Whispernet) that Amazons apparently built on top This product is currently not in stock at any of our online merchants. http://reviews.cnet.com/e-book-readers/amazon-kindle/4505-3508_7-32751890.htmlHOME | Stocks Crawl to a Mixed Close - FOXBusiness.com:: Wall Street closed with a mixed picture on Tuesday as very light volume and a series of conflicting economic reports canceled each other out and prevented the stock http://www.foxbusiness.com/story/markets/stocks-fence-mixed-data/HOME |
January jobs data were no less puzzling, as weaker than expected jobs growth and stronger than anticipated wage growth painted a mixed inflation picture.
CA gained 7% on 4% sales growth and better than expected guidance. Consumer concerns, job data sap market:: Jobs. Real Estate. Classifieds. Email. Print. Consumer concerns, stocks lower for a second session yesterday, with downbeat earnings from Amazon.com Inc. http://www.post-gazette.com/pg/06035/649951-28.stmHOME | Data Stewards Seek Data Conformity:: casually assign the job to the business users who deal with the data head-on. Mary Pickett is another data steward who has a mix of skills. http://www.computerworld.com/action/article.do?command=vie&intsrc=article_pots_sideHOME |
Aviza and Nextest surged after the chip equipment makers reversed year-ago losses. Secure Computing was another big earnings gainer, soaring 30% on its results.
Silicon Motion and Zoran rose on their earnings too.
But Ericsson fell 6% on cautionary comments, and Bookham, Rackable Systems, Occam and SigmaTel fell on their results.
The Nasdaq gained 7 to 2475, the S&P 500 rose 2 to 1448, and the Dow fell 20 to 12,653. Volume declined to 2.53 billion shares on the NYSE, and 1.94 billion on the Nasdaq. Advancers led 18-13 on the NYSE, and 16-13 on the Nasdaq. Upside volume was 55% on the NYSE, and 63% on the Nasdaq. New highs-new lows were 375-13 on the NYSE, and 193-39 on the Nasdaq.
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