* Micron, Western Digital gain after Baird's bullish note
* Adobe rises after strong results
* S&P energy index up 0.9 pct as oil prices jump
* Dow up 0.4 pct, S&P up 0.2 pct, Nasdaq flat(Updates to late afternoon)
By April Joyner
March 16 (Reuters) - The S&P and Dow Industrials rose onFriday as strong
February industrial production jumped 1.1 percent, thelargest increase in four months.
Energy led the major sectors of the S&P 500 with a0.9 percent gain, as oil prices rose by more than a dollar.
"Today, there are not a lot of headlines out of
Stocks were trading within a narrow range, Lerner said, asinvestors unwound positions in futures and options contractsexpiring on Friday, in a phenomenon known as"quadruple-witching."
The Nasdaq was barely changed during the session.
Friday's gains come at the end of a rocky week, dominated byconcerns of a
The Dow Jones Industrial Average rose 101.62 points,or 0.41 percent, to 24,975.28, the S&P 500 gained 5.83points, or 0.21 percent, to 2,753.16 and the Nasdaq Compositedropped 0.31 points, or 0 percent, to 7,481.44.
Walmart Inc gained 2.9 percent and Home Depot Incadded 0.9 percent after the University of
Adobe Systems Inc was up 3.1 percent, hitting anall-time high during the session, after the Photoshop makertopped analysts' profit and revenue estimates for the seventhstraight quarter.
Micron Technology Inc rose 2.8 percent after Bairdanalysts raised its price target on the stock by
Advancing issues outnumbered declining ones on the NYSE by a2.01-to-1 ratio; on Nasdaq, a 1.48-to-1 ratio favored advancers.
The S&P 500 posted 24 new 52-week highs and three new lows;the Nasdaq Composite recorded 161 new highs and 43 new lows.(Additional reporting by Sruthi Shankar in Bengaluru; Editingby Arun Koyyur)