Stocks rallied strongly early Friday after the Labor Department said the U.S. economy shed fewer jobs than feared last month, but a 23% decline in shares of Sun Microsystems (NASDAQ: JAVA) set the tone the rest of the way, dragging the Nasdaq into the red by the close. Ferry sinks off Turkeys coast; at least 1 dead - Yahoo! News::
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Sun plunged after the company blamed the weak economy for missing earnings and sales estimates, and Nortel (NYSE: NT) shed 2% on its results. NetSuite (NYSE: N) was another big earnings decliner, off 16% on inline guidance that wasn't as strong as investors had hoped.
The Dow and S&P ended the day with modest gains on news that the economy only shed 20,000 jobs last month, much better than expectations for a loss of 75,000 jobs. The Nasdaq ended the day a few points lower. Financial news and information Blog Archive U.K. stocks drop as ::
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road, steam rising from the radiator as the sun sinks on the horizon. in all technology stocks remains at absurd levels: while tech stocks account for
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One bright spot for the tech sector was Yahoo (NASDAQ: YHOO), which jumped 7% on reports that talks with Microsoft (NASDAQ: MSFT) were intensifying — and that the two may be getting closer on price.
ComScore (NASDAQ: SCOR) jumped 14% on better than expected sales growth of 41%. Related: Ship Carrying 850 Sinks Off Central Java - washingtonpost.com::
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Cirrus Logic (NASDAQ: CRUS) and MicroStrategy (NASDAQ: MSTR) fell sharply on their quarterly results.
Cisco (NASDAQ: CSCO) was little changed ahead of its earnings report on Tuesday.
The Nasdaq lost 3 to 2476, the S&P rose 4 to 1414, and the Dow rose 48 to 13,058. Volume declined to 3.92 billion shares on the NYSE, and 2.28 billion on the Nasdaq. Advancers led by a 19-14 margin on the NYSE, but decliners held a 16-12 edge on the Nasdaq. Upside volume was 59% on the NYSE, and 51% on the Nasdaq. New highs-new lows were 79-57 on the NYSE, and 87-91 on the Nasdaq.
 Technical Analysis: Bulls Push On
 Sun Sets on Tech Rally
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