MARKET PULSE-LinkedIn, Smart Tech, Imation, Yahoo, RingCentral
U.S. stocks rose on Friday, as a weak reading on the labor market was partly blamed on the weather and initial disappointment was replaced with expectations of further economic strength. The Dow Jones industrial average was up 0.97 percent at 15,780.24, the S&P 500 was up 1.26 percent at 1,795.82 and the Nasdaq Composite was up 1.69 percent at 4125.65.
** LINKEDIN CORP, $209.43, -6.27 pct
The company delivered revenue forecasts that fell short of Wall Street's expectations, deflating hopes that the high-flying professional social network can sustain its growth streak.
** APPLE INC, $519.745, +1.41 pct
The company has repurchased $14 billion of its stock in the two weeks since it reported disappointing first-quarter results, a company spokesman said. Apple bought $12 billion of shares via an accelerated share repurchase program and $2 billion of shares from the open market, the spokesman said.