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Updated from 2:02 p.m. EST with new stock prices
Tech stocks traded higher Friday despite downward pressure from PC maker Dell (DELL Quote), which fell dramatically a day after posting disappointing third-quarter results and outlook.
Dell sank $3.60, or 12.8%, to $24.54 after the company reported third-quarter results. Dell grew its bottom line 27%, but its financial outlook disappointed investors.
The company's U.S. consumer business revenue declined 6% during the quarter, and its revitalization plans failed to impress analysts. Goldman Sachs(GS Quote), removed Dell from its "conviction buy" list of preferred companies and replaced it with Hewlett-Packard (HPQ Quote), barely a month after adding Dell to the list. ...
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