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Google, eBay up, but indexes down

A handful of tech stocks swim against the tide and post gains in a day that saw the broader markets close out in the red.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
2 min read

Despite a down day for the broader markets Friday, a handful of tech stocks swam against the tide, posting modest single-digit gains.

The trading performance of Google, eBay, and Symantec on Friday. Yahoo Finance

Google, Symantec, and eBay were just some of the tech companies to finish the day in the black. The CNET Tech Index was down a modest 1.59 points to end the day at 1,185.55.

Google closed up 5.53 percent to $372.54 a share, which comes as little surprise considering the tech titan posted stronger-than-expected third-quarter earnings results on Thursday. And on Friday, a number of analysts released largely positive comments on the quarter, while giving a cautious outlook for the coming quarters and years on revenue growth.

eBay, meanwhile, was up 2.54 percent to $15.35 a share, a welcome change for the e-commerce giant which earlier in the week saw its shares punished after posting its third-quarter results, in which it revised its fourth-quarter projections downward.

Symantec, meanwhile, gained 4.09 percent to close at $15.28 a share. The security software giant may have gotten a lift following a report in Barron's that investors may find a safe harbor in security software stocks.

As for the broader markets, they ended a wild week in the red.

The Dow Jones Industrial Average closed down 127.04 points at 8,852.22--a rather modest ending to a week that saw the Dow soar 936.42 points on Monday, marking its largest single one-day gain; it then traversed back and forth, crossing the 9,000 mark several times throughout the week.

The Nasdaq closed down 6.42 points to close the session at 1,711.29, while the S&P 500 dipped 5.88 points to finish up at 940.55.

The following chart shows Friday's closing numbers: