The stock market rebounded into the close, leaving indexes mixed Friday, a day when leading stocks performed much better.
XIndexes pared losses starting around midday, and kept rising. A burst of buying in the final minutes left most indexes in the black. The Nasdaq composite and S&P 500 ended 0.1% higher, while the Dow Jones Industrial Average fell less than 0.3%. The Dow held above its 200-day moving average.
The Russell 2000 got to the closing bell with a fractional decline. Indexes were little changed for the week.
Volume fell from Thursday's levels, according to unconfirmed figures.
The market's largest stocks were lackluster. Amazon.com (AMZN) fell 1.6% and closed below its 50-day moving average. A report said the company may abandon plans to place a headquarters in New York because of political opposition.
But leading stocks easily outperformed, a good sign as the general market tries to resume its advance.
The Innovator IBD 50 ETF (FFTY) rose an impressive 1.4%, thanks in part to two stocks that soared on earnings reports.
Euronet Worldwide (EEFT) surged nearly 10% and broke out of a cup-without-handle base in heavy volume. Euronet, which operates a network of ATMs overseas and a money transfer business, posted strong quarterly results late Thursday.
Ubiquiti Networks (UBNT) jumped more than 16%, gapping above the 115.54 buy point of a cup base. Ubiquiti blew past fiscal-Q2 analyst estimates Friday, sending shares up as much as 20% to 128.84.
Outside the IBD 50, Columbia Sportswear (COLM) soared 15.6% after the apparel company soundly beat profit and sales expectations on strong gains in its channels and markets. The stock gapped above the 95.84 buy point of a cup-without-handle base. In break-away gaps such as this, the opening price of 102.80 can be used as a proper entry.
The energy sector continued to lag. The price of U.S. crude was flat Friday but down 4.7% for the week on worries about U.S.-China trade talks. Financial, retail and consumer discretionary sectors also were among the weakest.
The technology, communications services and utilities sectors made modest gains.
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