Stocks added ground Friday, with the Dow and the S&P 500 striking their highest levels in five years. But volume backed off.
The Nasdaq ? recovering from Friday's Apple-induced stumble ? rose 0.5%. The S&P 500 climbed 0.4% and the Dow Jones industrial average added 0.3%.
Volume declined on both major exchanges, according to preliminary data.
Energy and tech stocks trended higher, led by Halliburton 's (HAL) 5% gain and an 8% advance by chip equipment maker KLA-Tencor (KLAC).
RV manufacturer Thor Industries (THO) gapped up and leapt 3% in fast trade. The stock ended 5% above its 41.80 cup-with-handle buy point, which it had pushed past in Thursday's session. That puts it at the outermost edge of its 5% reach from that buy point.
IBD 50 stock SolarWinds (SWI) lurched ahead 3% in strong trade, making its rise from its 50-day moving average all the more attractive. SolarWinds, a maker of network management software, ended just 2% below a 57.87 buy point in the second handle of a four-month base.
Cirrus Logic (CRUS) vaulted ahead 10%. The chip designer, a key supplier to Apple, reported late Thursday its fiscal third-quarter earnings rose 281% to $1.64, topping views for a 230% gain. Revenue increased 15% to $310 million, well above estimates for $286.1 million. But management's current-quarter revenue guidance disappointed.
Cirrus has corrected alongside Apple since September. Shares dived 11% in heavy trade Thursday.
ResMed (RMD) jumped 6% after reporting late Thursday that Q4 earnings rose 23%, beating expectations. Revenue gained 13% to $376.5 million, topping views for $362.34 million. The maker of sleep-disorder treatments is closing out a fourth-straight weekly advance and is extended after a rebound from its 10-week line.
Internet domain name registrar VeriSign (VRSN) gapped up 7% in heavy trade after Q4 earnings growth of 47% topped expectations by a wide margin. Revenue growth of 13% squeaked by forecasts. The Commerce Department approved VeriSign to serve as the authoritative operator for the .com registry through November 2018.
VeriSign shares corrected 34% in October and November. The stock is 31% above its November low and has reclaimed its 10-week moving average.
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