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Airlines, Brokerages Finally Buck Downard Trend

But few other sectors are spared from the selloff.

A few sectors were able to buck the downward trend on Friday, most notably airlines and brokerages, although few others were spared selling.


US Airways

(U) - Get Unity Software Inc. Report

was up 2.3% to $4.55.


(CAL) - Get Caleres Inc. Report

rose 5% to $14.66, and

Delta Air Lines

(DAL) - Get Delta Air Lines Inc. Report

gained 3% to $22.47.


(UAL) - Get United Airlines Holdings Inc. Report

, the holding company for

United Airlines

, traded fell 0.6% to $17.13, and


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(LUV) - Get Southwest Airlines Company Report

rose 6% to $13.60.

But the news wasn't all good.



was falling 5% to $10.45 following news that the carrier would cut 10,000 jobs, or 25% of its workforce, and reduce service by 20%.


(AMR) - Get Alpha Metallurgical Resources Inc. Report

, the parent of

American Airlines



, was down 3% to $17.90. The company, which earlier this week set plans to cut jobs, detailed that among those let go would be 386 pilots from American Airlines and 120 from TWA. The entire sector has been pounded this week as concerns mount about cash burn rates and evaporating demand.


Technology stocks, which have generally sold off this week, were still reeling. Computer maker


(DELL) - Get Dell Technologies Inc. Class C Report

dropped 4.8% to $16.63, while


(ORCL) - Get Oracle Corporation Report

shed 5.8% to $10.76.

Sun Microsystems

(SUNW) - Get Sunworks Inc. Report

was down 6% to $7.96, and


(CSCO) - Get Cisco Systems Inc. Report

sank 6.1% to $12.09.


(MSFT) - Get Microsoft Corporation Report

slipped 2%, and

JDS Uniphase


, fell 6.3%.


(INTC) - Get Intel Corporation Report

was off 6.6%, while

Texas Instruments

(TXN) - Get Texas Instruments Incorporated Report

gained 1.3%.


Brokerage stocks were mostly up Friday after a brutal week.

Morgan Stanley


rose 6.5% to $40.08, and

Merrill Lynch


was up 4.5% to $37.65.

Lehman Brothers


gained 1.8%, and

Goldman Sachs

(GS) - Get Goldman Sachs Group Inc. (The) Report

rose 3%.

Charles Schwab


gained 6.3% to $9.50.


Energy companies were mixed, with most hovering around the flatline. However,

Royal Dutch Petroleum


was off 1.8% to $44, while


(HAL) - Get Halliburton Company Report

gained 4.7% to $22.58.

Basic Materials

Basic materials stocks were generally off between 1% and 2%, but chemical company



shed 5.6% to $6.95, and

Allegheny Technologies

(ATI) - Get Allegheny Technologies Incorporated Report

lost 9% to $13.20. Steelmaker


(NUE) - Get Nucor Corporation Report

was up 3% to $35.54.