Drop in Palm Inc. Trade
Drop in Palm Inc. Trade

U. S. stocks ended an uneven Thursday with major indexes divide, as the Dow Jones Industrial Average rose 45 points to take an endearing run to eight sessions, while the broader S&P 500 ended fractionally lower. A decline in weekly jobless claims and moderate inflation was countered by reports of another discount rate hike around Greece.

Palm Inc. plunged by 16% in premarket trade after the company's weaker-than-forecast sales position for the fourth quarter. Palm lost $18.5 million in the third quarter.

Asian markets ended mostly higher on Friday, with the Nikkei 225 up 0.8% in Tokyo, and the banking news helped push the FTSE 100 up by 0.4% in London.

Among the companies whose shares are anticipated to actively deal in Friday's session are Palm Inc., SunPower Corp. and Addus HomeCare Corp.

Smart-phone company Palm Inc.'s fiscal third-quarter loss reduced--even after exclusive of the effects of a large gain--but that capable sign was tempered by a decline in unit sales to retail customers. Shares had sunk by 14% to $4.84 in late trading.

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