Stock averages managed to hold onto modest gains today thanks to
bullish manufacturing data and upbeat earnings from First Solar (
) plus a well-received IPO from The Container Store (
). Although disappointing earnings from Chevron (
) and American International Group (
) impacted early action the Dow Industrials and S&P 500
regained their footing and returned to their intra-day highs.
Nasdaq recovered eventually but will post its first weekly loss
in five weeks as social-networking sites took a hit on Thursday's
comments from Facebook's CFO regarding the loss of the fickle teen
segment. Shares of MeetMe (
) and LinkedIn (LNKD) led the sector lower.
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