Stocks cling to gains as energy rebounds

Stocks (^DJI, ^GSPC, ^IXIC) clinging to gains here as energy rebounds to end the week, and tech’s back in the driver’s seat. Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance editor-in-chief Andy Serwer, markets correspondent Myles Udland and Joe Fahmy of Zor Capital.

Winners and losers

Stocks getting hit today include Bed Bath & Beyond as the retailer missed on earnings and reported softness in in-store sales; Morgan Stanley on a negative mention in the Journal claiming the Fed may restrict the bank’s ability to return cash to shareholders; and Blackberry shares sinking after revenue missed, as the once mighty handheld maker reported a drop in its high-margin software and professional services units.

Stocks ending the week on a high note include Finish Line as the athletic retailer projected low-single digit increases in comp store sales; US Steel as Deutsche Bank upgraded shares to Buy with a $30 price target; and Cara Therapeutics shares jumping as the FDA granted breakthrough status for its chronic kidney disease treatment.

Looking ahead

Here’s what will be making headlines:

  • On Monday morning, we’ll get durable goods orders for May. New orders are expected to drop 0.5% from the prior month.

  • And we could get more fodder for the health care debate, as the CBO’s cost estimate for Senate health care bill could arrive as early as Monday.

  • Finally, it’s the 20th anniversary of Harry Potter. The first book was initially published with a print-run of just 500 hardback copies, but has since sold over 450 million copies worldwide. By the way, those first print copies are selling for over $33,000.

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