By Mayumi Negishi

By Mayumi Negishi

By Mayumi Negishi

The Dow capped another down week with a loss Friday as investors shrugged off a surge in consumer sentiment and instead focused on the fact that consumers are squirreling away their money at a feverish pace. But techs gained after encouraging earnings from Palm.

Shares of memory-chip maker Micron Technology Inc. sank Friday after it said its loss widened in its latest quarter.

Stocks declined Friday as investors shrugged off a surge in consumer sentiment, instead focusing on the fact that consumers are squirrel away their money at a feverish pace. But techs gained after encouraging earnings from Palm.

Futures pointed to a lower open for Wall Street Friday, despite the fact that stocks in Asia and Europe rallied on the back of higher commodities and metals prices.

Chip maker Micron Technology Inc. said Thursday its fiscal third-quarter loss widened as cost reductions in NAND Flash production brought down sales prices.

Micron Technology Inc <MU.N> reported lower-than-expected revenues as part of its 10th straight quarterly loss and shares of the top U.S. maker of memory chips slid more than 4 percent.

SAN FRANCISCO (Reuters) - Micron Technology Inc <MU.N> reported lower-than-expected revenues as part of its 10th straight quarterly loss and shares of the top U.S. maker of memory chips slid more than 4 percent.

Stocks had their best day in weeks Thursday after solid demand for another Treasury auction and encouraging earnings reports from retailer Bed, Bath & Beyond and homebuilder Lennar.

Stocks rebounded Thursday as an unexpected profit from Bed, Bath & Beyond buoyed consumer stocks — and hopes for an economic recovery.

Stocks rebounded Thursday after a lower open as weekly jobless claims came in higher than expected.

Futures indicated a slightly negative open for Wall Street Thursday after the Federal Reserve cautioned that the U.S. economy would remain weak for a time, adding concerns about the sustainability of a recent recovery.

The number of job cuts continued to soar in February 2009, reflecting the worsening US recession.