Take a look at some of Friday's midday movers:» Read More
*JPMorgan lifts S&P 500 year-end target to 1,715. *Tableau Software surges in first day of trade. NEW YORK, May 17- U.S. stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies.
Applied Materials Inc. rose 1.1 percent to $14.82 with 14,452,500 shares traded. Aruba Networks fell 26.7 percent to $12.91 with 35,494,700 shares traded. Autodesk Inc. fell 7.4 percent to $36.83 with 11,966,600 shares traded.
*JPMorgan lifts S&P 500 year-end target to 1,715. NEW YORK, May 17- Growth sectors led Wall Street's advance on Friday as encouraging economic data put major U.S. stock indexes on track to close their fourth straight week of gains.
Take a look at some of Friday's midday movers:
The benchmark S&P 500 index fell 0.5 percent on Thursday, its biggest drop since May 1, after a Federal Reserve official said the U.S. central bank could begin reducing its monetary stimulus program this summer.
*University of Michigan consumer sentiment data, leading indicators on tap.
This week on "Talking Squawk": David Tepper's "My Cousin Vinny" market call, Cisco's John Chambers, Bloomberg's "Surveillance," the IRS, the AP, and big hair and Sony.
*University of Michigan consumer sentiment data, leading indicators on tap. *J.C. Penney dips after earnings. Data expected on Friday includes the Thomson Reuters/ University of Michigan Surveys of Consumers preliminary May consumer sentiment index at 9:55 a.m..
TOKYO, May 17- The Nikkei share average may pull back slightly on Friday after Wall Street weakened overnight, but the market is on track to log its second-straight weekly gain on the back of a depressed yen and optimism over the earnings outlook for Corporate Japan.
Dissecting the day's major business news, including Cisco's 12 percent pop today, with the Fast Money traders. Meanwhile Steve Hochbrg, Elliott Wave International, says that market indicators show the run is ending.
A look at some of the biggest stories and most compelling interviews broadcast on CNBC Thursday.
SAN JOSE, Calif.-- Brocade Communications Systems Inc., a maker of computer networking technology, said Thursday that fiscal second-quarter sales fell because of a slowdown in the storage market. Net income rose 20 percent, to $47 million, or 10 cents per share, in the February-April quarter, from $39.3 million, or 8 cents per share the year before.
The three major U.S. stock indexes had earlier traded in a tight range, supported by a gain of more than 12 percent in Cisco Systems shares and as investors took in a batch of economic data that pointed to slower growth.
*Wall Street drops further but Cisco surges on earnings. John Williams, president of the Federal Reserve Bank of San Francisco, also said the Fed could end its bond-buying program late this year, citing "good news" on the outlook for jobs.
Stocks ended near session lows Thursday pressured by a handful of weak economic data and as some Fed officials stated their openness to tapering the central bank's bond-buying program in the coming months.
*Cisco shares rise 9 pct in early trading. Aug 16- Shares of Cisco Systems Inc jumped 9 percent on Thursday as a dividend hike and share buyback plan overshadowed comments that business conditions in Europe would not improve anytime soon for the network equipment maker.
*Wal-Mart falls after earnings miss. Cisco Systems led gains in both the Dow and Nasdaq Composite with a 12 percent surge after the network equipment maker posted a higher-than-expected quarterly profit and said current-quarter revenue could increase. Cisco shares shot up 12.3 percent to $23.82 after hitting $24.24, the highest since November 2010.
Eagle Bulk Shipping Inc. rose 48.9 percent to $5.30. Aegerion Pharmaceuticals Inc. rose 18.6 percent to $55.69. Paragon Shipping rose 16.7 percent to $5.32.
Cisco Systems Inc. rose 11.9 percent to $23.73 with 119,731,100 shares traded. DryShips Inc. rose 10.6 percent to $2.07 with 18,990,600 shares traded. Facebook Inc. fell 1.4 percent to $26.24 with 22,260,700 shares traded.
*Cisco's stock flies after earnings, outlook. NEW YORK, May 16- U.S. stocks advanced modestly on Thursday as Cisco led gains in blue chips and technology stocks following strong earnings, offsetting concerns about softer-than-expected data on the manufacturing sector and labor market.