Stocks Drop, Finish Mixed for Week

Brooks McFeely submits:

4:20 PM, May 13, 2011 --

• NYSE down 83.73 (-1%) to 8,372.45
• DJIA down 100 (-0.8%) to 12,595.75
• S&P 500 down 10.88 (-0.8%) to 1,337.77
• Nasdaq down 34.57 (-1.2%) to 2,828.47

GLOBAL SENTIMENT

• Nikkei down 0.70%
• Hang Seng up 0.88%
• FTSE-100 down 0.32%

UPSIDE MOVERS

(+) EK gets favorable ruling in AAPL suit.

(+) WLP upgraded.

(+) AET upgraded.

(+) TYC subject of reports on private equity bid.

(+) AHII downgraded.

DOWNSIDE MOVERS

(-) BMTI gains on drug developments.

(-) ZIOP submits IND application to FDA.

(-) YHOO continued evening decline that followed Alibaba disclosure.

(-) NVDA continued evening drop; earnings beat but margins and other details shake investors.

(-) JWN continued choppy evening trading; tops with results, sets buyback.

MARKET DIRECTION

Stock averages dropped some 1% Friday after a mid-session reversal. The Dow will end the week down 0.3%, while financials dragged the S&P 500 lower on the week

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