Blue chip stocks advanced for a third straight week, but a disappointing outlook for Dell and Cisco Systems held back gains in the technology sector.
The Dow Jones industrial average rose 0.7 percent to close the week at 10,796. The Standard & Poor's 500-stock index gained 0.2 percent to 1,205.30. But the tech-rich Nasdaq Stock Market composite index fell 0.5 percent to close at 2,076.66.
Stocks in the Washington region fell.
The Washington Post-Bloomberg regional stock index closed Friday at 264.86, down 1.80 for the week. The Potomac Tech 60, an index of 60 technology companies with a large local presence, closed at 719.92, down 11.55.
-- Bill Brubaker