Earnings Outlook Lowers Stocks

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Stocks finished mostly lower Friday as rising oil prices and a tepid outlook from Microsoft Corp. dampened Wall Street’s reaction to a rebound in first-quarter economic growth. The major indexes ended mixed for the week and for April.


According to preliminary calculations, the Dow Jones industrial average dropped 15.37, or 0.14 percent, to 11,367.14. The Standard & Poor’s 500 index added 0.89, or 0.07 percent, to 1,310.61, and the Nasdaq fell 22.38, or 0.95 percent, to 2,322.57.






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Napster Inc. rose 9 percent to $4.63. Molina Healthcare Inc. rose 8 percent to $32.70. Guitar Center Inc., which reported earnings Thursday, rose 7 percent to $53.76. International Rectifier Corp.. which reported earnings Thursday, rose 7 percent to $45.20. Hi-Shear Technology Corp. rose 7 percent to $9.98.


Optical Communications Products Inc. fell 25 percent to $2.43. Cogent Inc. which reported earnings on Thursday, fell 10 percent to $16.36. Center Financial Corp., which reported earnings Thursday, fell 3.6 percent to $22.32.

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