MARKET PULSE-Oracle, Red Hat, Carmax, Navistar, BlackBerry, Amarin
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks edged higher on Friday, putting the S&P 500 on track for its biggest weekly climb in two months, after U.S. growth data boosted investor confidence that the economy can support a wind-down of Federal Reserve stimulus. The Dow Jones industrial average was up 0.40 percent at 16,243.14, the S&P 500 was up 0.40 percent at 1,816.87 and the Nasdaq Composite was up 0.50 percent at 4,078.432.
** BLACKBERRY LTD, $6.16, -1.44 pct
The smartphone maker, which gave up on a plan to sell itself last month, reported a massive quarterly loss, as sales of its smartphones shriveled and it booked asset impairment charges and inventory writedowns.
The company also announced a five-year partnership with Foxconn Technology Co Ltd to develop and manufacture a handset for Indonesia and other emerging markets.
** ORACLE CORP, $36.54, -0.16 pct
Oracle said it would buy Responsys Inc in a deal valued at $1.5 billion as the world's No. 2 software maker beefs up its cloud offerings.