MARKET PULSE-Zoom, Renren, Net 1, Fortinet, W&T, shipping stocks

Fri Nov 29, 2013 12:44pm EST
 
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(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 rose modestly on Friday, with investors wary of making big bets in a short post-holiday session, though the S&P 500 is set for its longest weekly winning streak in 10 years.

The Dow Jones industrial average rose 0.29 percent, the S&P 500 0.27 percent and the Nasdaq Composite 0.55 percent.

** NET 1 UEPS TECHNOLOGIES INC, $8.12, down 30 pct (12:04 p.m. ET)

South Africa's Constitutional Court ruled that the tender process followed by the South African Social Security Agency in awarding a contract to Net 1's unit Cash Paymaster Services Ltd was invalid.

** ZOOM TECHNOLOGIES, $7.42, up 209 pct (12:17 p.m. ET)

The China-based maker of broadband and dial-up modems, bluetooth wireless equipment and communication-related products said on Wednesday it signed an agreement to acquire mobile advertising service provider Baifen Tonglian Information and Technology Co.

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