On the upside
Qihoo Technology (NYSE: QIHU) was selected as TheStreet's featured technology winner on Friday.
Suntech Power (NYSE: STP) continued rising over investor approval of China's policy change to support consolidation of the solar industry.
On the downside
Watson Pharmaceuticals (NYSE: WPI) applied for approval of a generic version of the multiple myeloma treatment Velcade but Velcade manufacturer Millennium Pharmaceuticals filed a patent infringement suit against Watson. Monness Crespi Hardt analyst Chris Shaw cited an uncertain business outlook for downgrading Ferro (NYSE: FOE) from a Buy to a Neutral rating.
Seeking Alpha expects Annaly Capital Management (NYSE: NLY) to underperform in 2013.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index added 4 points to 1406.