NEW YORK (AP) - The Nasdaq 100 index rose in midday trading Thursday as the
broader markets rallied on government data showing retail sales rose last month
and InBev SA's unsolicited buyout offer for Anheuser-Busch Cos.
The index, which includes 100 of the largest nonfinancial securities listed
on the Nasdaq Stock Market, added 19.40 points to 1,943.73 in midday trading.
The broader Nasdaq composite gained 31.84 points to 2,425.85.
The Commerce Department said Thursday that May retail sales rose 1 percent
on an apparent boost from tax rebate checks.
Shares of Qualcomm Inc. rose $2.97, or 6.4 percent, to $49.28. The company
on Thursday raised its fiscal third-quarter outlook.
Shares of Level 3 Communications Inc. increased 18 cents, or 4.9 percent, to
$3.88.
Fiserv Inc. rose $2.04, or 4.2 percent, to $50.13.
On the declining side, shares of beverage maker Hansen Natural Corp. lost
$1.08, or 3.2 percent, to $32.72.
Shares of Apple Inc. fell $4.40, or 2.4 percent, to $176.41.
Sirius Satellite Radio Inc. stock slipped 4 cents to $2.42.
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