Techs led the Nasdaq to another record high as the index topped off one of its best weeks ever.
The Nasdaq Composite Index closed Friday at 4,244.14, up 33.16 and a new high. The S&P 500 slid 0.60 to 1,424.37 and the blue chip Dow Jones Industrial Average fell 49.64 to 10,963.80. Inter@ctive Week's @100 Index picked up 51.18 to 6,251.60.
For the week, the Nasdaq gained more than 9 percent.
"The fact that interest rates have come down over the past few days is very good for long-duration tech stocks," said Annette Geddes, managing director for M.D. Sass in New York.
But new issues that saw the steepest gains Friday. Avanex (Nasdaq: AVNX), which makes processors for optical networks, picked up 136 to 172. eMerge Interactive (Nasdaq: EMRG) rose 32 1/4 to 47 1/4. FirePond (Nasdaq: FIRE) gained 78 1/4 to 100 1/4.
eOn Communications Corp. (Nasdaq: EONC) increased 11 to 23. Dobson Communications (Nasdaq: DCEL), with Friday's largest new offering, advanced 1 1/8 to 23 1/8.
Radiant Systems Inc. (Nasdaq: RADS) raced up 10 1/8 to 54 1/2 after analysts praised its fourth-quarter report.
Viant Corp. (Nasdaq: VIAN) blasted ahead 5 5/8 to 105 5/8 after it creamed estimates in its recent quarterly report.
Investors bit a chunk off Red Hat (Nasdaq: RHAT) sending shares down 5 15/16 to 92 11/16 after it announced a secondary stock offering Friday.
Microsoft (Nasdaq: MSFT) rose 2 15/16 to 106 9/16. Amazon.com Inc. (Nasdaq: AMZN) lost 5 5/8 to 78 9/16, Yahoo! (Nasdaq: YHOO) dropped 6 3/4 to 353 1/2 and America Online Inc. (NYSE: AOL) lost 2 3/8 to 57 1/2.
Dell Computer Corp. (Nasdaq: DELL) was unchanged at 38 1/2, Compaq Computer Corp. (NYSE: CPQ) shed 1/2 to 27 1/2 and IBM Corp. (NYSE: IBM) lost 1 7/16 to 115 11/16.