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Red Hat President and CEO Jim Whitehurst says his company is benefiting as cloud competition heats up.
Any rebound in the market is likely to be short-lived since it needs a catalyst to sustain gains, and the start of earnings season may disappoint.
*Momentum stocks still in focus; Netflix falls. NEW YORK, March 28- U.S. stocks ended up on Friday but off their session highs as a late afternoon selloff in the biotechnology sector weighed on the overall market. The Nasdaq Composite Index fell nearly 3 percent for the week, marking its worst week since October 2012.
*Momentum stocks still in focus; Netflix falls. NEW YORK, March 28- U.S. stocks sharply pared gains by late Friday afternoon on Friday, with the Nasdaq briefly turning negative, led by a decline in the biotechnology sector. Gilead Science shares were off 3.3 percent at $69.03 and Biogen Idec shares were down 4.1 percent at $297.
*Markets in broad rally on hopes for China stimulus. *Momentum stocks still in focus; Netflix edges lower.
Some of Friday's midday movers:
*Markets in broad rally on hopes for China stimulus. *Red Hat down after outlook, BlackBerry up on results. The prospect of slowing growth in China, the world's second-largest economy, has long been a market headwind.
*Momentum stocks still in focus, Netflix down in premarket. *Red Hat down after outlook, BlackBerry up on results. NEW YORK, March 28- U.S. stock index futures indicated a higher opening on Wall Street Friday, lifted by remarks from China's Premier Li Keqiang that the Chinese government was ready to take steps to support its economy.
*Red Hat profit beats expectations, but outlook weak. NEW YORK, March 28- U.S. stock index futures rose on Friday, lifted by remarks from China's Premier Li Keqiang that the Chinese government was ready to take steps to support its economy. *The prospect of slowing growth in China, the world's second-largest economy, has long been a market headwind.
Jim Whitehurst, CEO of Red Hat, discusses his company's future growth plans.We are working to bring a software-base solution you can run on top of any hardware. Also Whitehurst runs through his company's better-than-expected quarterly results.
Red Hat, Microsoft and Amazon.com are among the companies making headlines after the bell Thursday.
With the Fed's policy-setting meeting in the rear-view mirror, the coming week should have Wall Street switching its focus to U.S. and global data.
Some of the names on the move ahead of the open.
Before you put your next dollar in the market, Cramer would like to tell you a little story. Gather round.
Stocks climbed on Friday, with the Dow and S&P 500 scoring record closes.
Jim Whitehurst, Red Hat CEO, discusses the company's strong quarterly earnings report, its play in the cloud space and how he views Amazon. "Amazon has been a great partner and a route to market for us," Whitehurst says.
Companies are making headlines before the bell Friday:
Check out which companies are making headlines after the bell Thursday:
Even with stocks surging to record highs, traders see upside for the market into year end and they are looking to Santa to provide some of the lift.
Traders are widely divided on what the Fed will do next week, which raises the odds for a volatile market reaction.