* Micron, Western Digital gain after Baird's bullish note
* Adobe rises after strong results
* S&P energy index up 1 percent as oil prices jump
* Dow up 0.3 pct, S&P up 0.2 pct, Nasdaq flat(Updates to close)
By April Joyner
February industrial production jumped 1.1 percent, thelargest increase in four months.
Energy led the major sectors of the S&P 500 with a1.0 percent gain, as oil prices rose 1.7 percent.
"Today, there are not a lot of headlines out of
Friday's gains came at the end of a rocky week dominated byconcerns of a
Stocks traded in a narrow range, Lerner said, as investorsunwound positions in futures and options contracts expiring onFriday, in a phenomenon known as "quadruple-witching."
The Nasdaq was barely changed at Friday's market close.
Investors were also looking ahead to next week, when theFederal Reserve is expected to raise benchmark
"Many portfolio managers are starting to anticipate thateventually, maybe not at this meeting but in future months, thatthe Fed will become a little bit more hawkish in its behavior,"said Chad Morganlander, portfolio manager at Washington CrossingAdvisors in
The Dow Jones Industrial Average rose 72.85 points,or 0.29 percent, to end the week at 24,946.51, the S&P 500gained 4.68 points, or 0.17 percent, to 2,752.01 and theNasdaq Composite added 0.25 point, or 0 percent, to7,481.99.
For the week, the Dow fell 1.57 percent, the S&P lost 1.04percent, and the Nasdaq dropped 1.27 percent.
Walmart Inc gained 1.9 percent after the Universityof
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 3.0 percent after Bairdanalysts raised their 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 25 new 52-week highs and three new lows;the Nasdaq Composite recorded 178 new highs and 50 new lows.
Volume on