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Nasdaq 100 Leaders and Laggards: UAUA LEAP



By AP
13 June 2008 @ 04:58 pm EST

NEW YORK - A dip in the price of oil lifted airline stocks, including UAL Corp. and Ryanair Holdings PLC, helping send the Nasdaq 100 to a higher close on Friday.

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Quotes
UAUA 6.02 0.67
RYAAY 16.99 0.97
APOL 50.54 -1.08
LEAP 24.24 -2.19
JNPR 16.46 -0.3
GRMN 25.52 1.1

SYMBOL LOOKUP

Airline stocks can get a boost from lower oil prices, as fuel represents one of the largest costs for a carrier.

UAL, which operates United Airlines, rose 55 cents, or 8.7 percent, to $6.86.

Another airline, Ireland-based Ryanair Holdings PLC, rose $2.39, or 8.2 percent, to $31.40.

An analyst upgrade lifted shares of Apollo Group Inc., up $3.73, or 7.7 percent, to $52.24.

The index, which includes 100 of the largest nonfinancial securities listed on the Nasdaq Stock Market, rose 41.75 points, or 2.2 percent, to 1,966.01, with only seven stocks declining. The broader Nasdaq composite added 50.15points, or 2.09 percent, to 2,454.50.

On the losing side, Leap Wireless International Inc. lost $2.55, or 4.8 percent, to $50.76.

Juniper Networks Inc., which develops networking products, slipped 38 cents to $24.19.

Personal navigation device maker Garmin Ltd. declined 29 cents to $44.91.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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