The Night Watch: Usual Suspects Control Extended Trading

Cisco, Sun and Intel inch higher. Level 3 drops following a big regular session.
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Typical Friday trading marked the last extended session of the week, as large-cap technology issues and index tracking stocks controlled the leader boards on the electronic platforms.

Overall, volume was light, with around 1 million shares changing hands on Instinet in the first 30 minutes of the extra session.

Cisco

(CSCO) - Get Report

topped the volume list, where the stock traded up 0.3% to $19.25.

Sun Micro

(SUNW) - Get Report

was also active, gaining 0.1% to $12.93. The

Nasdaq 100 Tracking Stock

(QQQ) - Get Report

was flat at $37.72. On the Island ECN, the Nasdaq 100 was the most actively traded issue, slipping 0.1% to $37.69.

Openwave

(OPWV)

climbed 0.6% to $8.40 after hours, and

Intel

(INTC) - Get Report

posted a gain of 0.1% to $27.90.

Microsoft

(MSFT) - Get Report

shed 0.2% to $65.06. The

Dow Diamonds

(DIA) - Get Report

inched up 0.1% to $96.42 on Instinet, and the issue tacked on 0.2% on Island.

Power Integrations

(POWI) - Get Report

was the top percentage gainer, rising 5.2% to $26.99, but volume was extremely light.

Level 3

(LVLT)

was the biggest loser, reversing the action of Thursday's extended session, falling 6% to $4.67. The stock gained almost 10% in the regular trading day.

XO Communications

(XOXO)

was active on Island, trading up 1% to $1.02.