NEW YORK: US stocks ended the first week of 2005 lower on Friday as widely watched jobs data failed to excite investors by coming in close to expectations, but a strong showing by Apple Computer Inc helped limit losses on the Nasdaq.
Apple surged 7%, or US$4.70 to US$69.25, on hopes that the maker of the popular iPod music device will report good results on Wednesday. The stock also benefited from First Albany Capitals raising its earnings estimates for Apple.
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