MARKET PULSE-Groupon, Shutterstock, Commscope, education stocks
(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. stock stocks advanced at the open on Friday, putting the S&P on track for its third straight weekly gain, buoyed by some strong results from technology companies. The Dow Jones industrial average was up 0.28 percent at 16,178.95, the S&P 500 was up 0.23 percent at 1,844.01 and the Nasdaq Composite was up 0.24 percent at 4,277.707.
** HEWLETT PACKARD CO, $29.62, -1.89 pct
The computing giant's revenue fell less than Wall Street expected in the first quarter and it raised its outlook for fiscal 2014 earnings as the company grew sales at its two largest businesses and again signaled a better year ahead.
** DISH NETWORK CORP, $58.07, +1.75 pct
** CHARTER COMMUNICATIONS INC, $126.13, -4.33 pct
Dish Network, the second-largest U.S. satellite TV company after DirecTV, reported a 38 percent rise in profit for the fourth quarter as it generated higher average revenue per user.
Charter Communications, the fourth-largest U.S. cable operator, posted a fourth-quarter profit, helped by growth in internet, commercial and video revenue. Continued...