Midday Leaders and Laggards: Nasdaq 100

The Nasdaq 100 index, which includes 100 of the largest nonfinancial securities listed on the Nasdaq Stock Market, fell 2.35 points to 1,853.04 in midday trading. The broader Nasdaq composite fell 6.37 points to 2,315.00.

The Commerce Department said spending rose 0.8 percent in May. That's above the 0.7 percent economists had expected. But the University of Michigan consumer sentiment reading dropped to 56.4, the weakest reading since May 1980, from 59.8 the prior month.

Meanwhile, light, sweet crude for August delivery rose 58 cents to $140.22.

Shares of Wynn Resorts Ltd. slipped $3.38, or 4.1 percent, to $80.12. A Key Banc Capital Markets analyst downgraded the casino operator Friday.

Shares of video game publisher Activision Inc. lost $1.21, or 3.5 percent, to $33.59.

Shares of BlackBerry maker Research in Motion Ltd. fell $3.78, or 3.1 percent, to $119.68. The stock continued a slide that began Thursday, after forecasting second-quarter earnings below expectations, despite first-quarter profit and sales that more than doubled.

On the gaining side, shares of Sears Holding Corp., which runs Kmart and Sears stores, rose $3.14, or 4.2 percent, to $77.54.

Shares of Foster Wheeler Ltd., a construction and engineering firm, gained $2.52, or 3.6 percent, to $72.87.

Shares of Celgene Corp., a biopharmaceutical company, gained $1.73, or 2.8 percent, to $63.48.