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Nasdaq leads advance
Tech rise helps broader market hold on to prior session's gains; light volume expected.
November 11, 2005: 9:48 AM EST

NEW YORK (CNN/Money) - Stocks inched higher early Friday, with techs pacing the advance that followed up on the prior session's gains.

The Nasdaq composite (up 2.76 to 2,199.44, Charts) gained 0.3 percent. The Dow Jones industrial average (up 93.89 to 10,640.10, Charts) and the S&P 500 (down 0.14 to 1,230.82, Charts) index both added a few points in the early going.

Treasury markets were closed in observance of Veterans Day.

Stocks managed a late-session rally Thursday in response to falling Treasury yields and lower oil prices. Oil prices continued to slide Friday, helping the market build on Thursday's gains.

U.S. light crude oil for December delivery fell 28 cents to $57.52 a barrel in electronic trading, after dipping below $57 briefly overnight.

In corporate news, Dell (up $0.45 to $29.66, Research) reported third-quarter earnings late Thursday that were in line with recently lowered estimates. The personal computer maker also issued a fourth-quarter earnings and revenue forecast that sets the midpoint below analysts' current estimates.

Shares gained 2 percent Friday morning.

The dollar edged lower versus the euro and was little changed against the yen, but remained not far from recent two-year highs against the other currencies.

In global trade, major Asian markets ended higher, and European shares gained at midday.  Top of page

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