MARKET PULSE-Responsys, Ariad Pharma, Carmax, J.C. Penney, Oramed
(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 0.39 percent at 16,242.24, the S&P 500 was up 0.44 percent at 1,817.62 and the Nasdaq Composite was up 0.73 percent at 4,087.558.
** BLACKBERRY LTD, $7.16, +14.56 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, $36.66, +0.16 pct
** RESPONSYS INC, $27.07, +38.68 pct
** MARKETO INC, $35.94, +9.27 pct Continued...